Public Sector Pension Investment Board Purchases 187,398 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Key Points

• The Public Sector Pension Investment Board increased its stake in Alarm.com Holdings, Inc. by 152.1%, acquiring an additional 187,398 shares for a total of 310,588 shares, valued at approximately $17.28 million.
• Several other institutional investors also boosted their holdings, with Bessemer Group Inc. increasing their position by 304.6%, now owning shares valued at $39,000.
• Alarm.com reported better than expected quarterly earnings, with $0.60 EPS exceeding the consensus estimate of $0.52, and a revenue of $254.31 million, surpassing expectations of $243.96 million.

Public Sector Pension Investment Board increased its position in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 152.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,588 shares of the software maker's stock after acquiring an additional 187,398 shares during the quarter. Public Sector Pension Investment Board owned about 0.62% of Alarm.com worth $17,284,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after acquiring an additional 533 shares during the period. Principal Financial Group Inc. boosted its position in shares of Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after acquiring an additional 6,078 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in shares of Alarm.com in the first quarter valued at approximately $241,000. GAMMA Investing LLC boosted its position in shares of Alarm.com by 87.9% in the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock valued at $109,000 after acquiring an additional 919 shares during the period. Finally, SG Americas Securities LLC lifted its position in Alarm.com by 32.6% during the first quarter. SG Americas Securities LLC now owns 13,886 shares of the software maker's stock valued at $773,000 after purchasing an additional 3,413 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Daniel Kerzner sold 2,213 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $125,388.58. Following the completion of the sale, the insider directly owned 72,004 shares in the company, valued at $4,079,746.64. This represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey A. Bedell sold 2,204 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $124,878.64. Following the sale, the insider owned 505,805 shares of the company's stock, valued at $28,658,911.30. This represents a 0.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,167 shares of company stock valued at $1,994,181 over the last three months. 5.60% of the stock is currently owned by company insiders.

Alarm.com Stock Performance

Alarm.com stock opened at $53.40 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.66 billion, a PE ratio of 22.44, a P/E/G ratio of 2.91 and a beta of 0.97. The firm has a fifty day simple moving average of $56.34 and a two-hundred day simple moving average of $56.82. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $254.31 million during the quarter, compared to the consensus estimate of $243.96 million. Alarm.com had a net margin of 13.27% and a return on equity of 13.84%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. Research analysts expect that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James Financial dropped their target price on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group dropped their target price on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Barclays dropped their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.

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