Fidelis Capital Partners LLC Acquires 860 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Fidelis Capital Partners LLC boosted its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,275 shares of the technology company’s stock after buying an additional 860 shares during the period. Fidelis Capital Partners LLC’s holdings in CoStar Group were worth $461,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its stake in CoStar Group by 111.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 8,253 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in CoStar Group by 504.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock worth $125,000 after purchasing an additional 1,564 shares during the last quarter. MetLife Investment Management LLC bought a new stake in CoStar Group during the first quarter worth about $1,427,000. Panagora Asset Management Inc. lifted its stake in CoStar Group by 10.6% during the first quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock worth $800,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in CoStar Group by 32.3% during the first quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock worth $392,000 after purchasing an additional 1,435 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Jefferies Financial Group boosted their target price on CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Needham & Company LLC lowered their target price on CoStar Group from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. BTIG Research began coverage on CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods boosted their target price on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

CoStar Group Stock Up 0.3 %

CSGP stock traded up $0.29 during midday trading on Friday, hitting $84.47. The company’s stock had a trading volume of 442,224 shares, compared to its average volume of 2,104,524. The company has a market cap of $34.50 billion, a PE ratio of 91.50, a P/E/G ratio of 9.82 and a beta of 0.84. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $89.08 and its 200-day moving average is $84.34.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 6.08% and a net margin of 15.26%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

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.