Mercer Global Advisors Inc. ADV Buys Shares of 134,148 Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Mercer Global Advisors Inc. ADV acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 134,148 shares of the software maker's stock, valued at approximately $8,156,000. Mercer Global Advisors Inc. ADV owned approximately 0.27% of Alarm.com at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALRM. SBI Securities Co. Ltd. acquired a new stake in Alarm.com in the fourth quarter valued at $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Alarm.com during the 4th quarter worth about $36,000. Nisa Investment Advisors LLC lifted its stake in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker's stock worth $57,000 after purchasing an additional 539 shares during the last quarter. Quarry LP boosted its holdings in Alarm.com by 43.0% in the fourth quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after purchasing an additional 303 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Alarm.com by 305.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker's stock valued at $63,000 after purchasing an additional 779 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares of the company's stock, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company's stock, valued at $2,191,875. The trade was a 8.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,921 shares of company stock worth $338,727 over the last 90 days. Company insiders own 5.60% of the company's stock.

Alarm.com Stock Performance

Alarm.com stock traded up $0.73 during midday trading on Wednesday, hitting $53.41. 431,542 shares of the company's stock were exchanged, compared to its average volume of 417,976. The firm's 50 day simple moving average is $54.63 and its 200 day simple moving average is $58.98. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

Alarm.com (NASDAQ:ALRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million for the quarter, compared to analyst estimates of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. Equities research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

ALRM has been the subject of several recent analyst reports. Barclays reduced their price objective 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. The Goldman Sachs Group decreased their price objective on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $61.20.

About Alarm.com

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.