Public Employees Retirement System of Ohio Has $16.47 Million Stock Holdings in CoStar Group, Inc. $CSGP

Key Points

• Public Employees Retirement System of Ohio increased its holdings in CoStar Group, Inc. by 58.8%, owning 204,904 shares valued at approximately $16.47 million.
• Several institutional investors have also recently adjusted their positions in CoStar Group, with 96.60% of the company's stock now held by institutional investors.
• CoStar Group's latest earnings report showed a 15.2% increase in quarterly revenue year-over-year, surpassing analysts' expectations.

Public Employees Retirement System of Ohio grew its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 58.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,904 shares of the technology company's stock after purchasing an additional 75,900 shares during the period. Public Employees Retirement System of Ohio's holdings in CoStar Group were worth $16,474,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CSGP. Mizuho Markets Americas LLC bought a new stake in shares of CoStar Group during the first quarter worth $586,403,000. Vanguard Group Inc. increased its position in shares of CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock worth $5,421,448,000 after acquiring an additional 2,709,320 shares in the last quarter. Third Point LLC bought a new position in CoStar Group in the first quarter valued at $156,479,000. Nuveen LLC bought a new position in CoStar Group in the first quarter valued at $82,756,000. Finally, Kensico Capital Management Corp grew its position in CoStar Group by 86.0% in the first quarter. Kensico Capital Management Corp now owns 1,331,300 shares of the technology company's stock valued at $105,479,000 after purchasing an additional 615,500 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

Insider Transactions at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at $26,475,993.99. The trade was a 7.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,033 shares of company stock valued at $4,777,764. 1.09% of the stock is currently owned by corporate insiders.

CoStar Group Stock Performance

Shares of CSGP opened at $83.09 on Friday. The firm has a 50-day moving average of $89.74 and a 200-day moving average of $82.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The company has a market cap of $35.20 billion, a PE ratio of 332.36, a price-to-earnings-growth ratio of 3.87 and a beta of 0.87. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. CoStar Group's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

CSGP has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Bank of America initiated coverage on shares of CoStar Group in a research report on Friday, May 30th. They issued a "neutral" rating and a $79.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CoStar Group presently has an average rating of "Moderate Buy" and a consensus price target of $94.15.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

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