Jump Financial LLC Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

Jump Financial LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,547 shares of the industrial products company's stock after selling 12,181 shares during the period. Jump Financial LLC's holdings in Roper Technologies were worth $4,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company's stock worth $4,737,302,000 after purchasing an additional 100,621 shares during the period. Principal Financial Group Inc. lifted its position in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company's stock valued at $1,224,736,000 after acquiring an additional 42,962 shares during the period. Northern Trust Corp lifted its position in Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company's stock valued at $550,743,000 after acquiring an additional 54,396 shares during the period. Invesco Ltd. lifted its position in Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company's stock valued at $500,531,000 after acquiring an additional 9,846 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company's stock valued at $488,968,000 after acquiring an additional 280,873 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock traded up $0.17 during trading hours on Friday, reaching $523.50. The company had a trading volume of 346,738 shares, compared to its average volume of 618,508. The business has a fifty day moving average price of $538.84 and a 200-day moving average price of $534.96. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00. The firm has a market cap of $56.04 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 2.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping analysts' consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $3.90 earnings per share. The business's revenue for the quarter was up 14.4% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Wells Fargo & Company lifted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. Raymond James lifted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a report on Friday, February 2nd. Mizuho lifted their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a "neutral" rating in a report on Monday, April 29th. Finally, Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $584.82.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.

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