Public Employees Retirement System of Ohio continued to hold its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,186 shares of the technology company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned approximately 0.13% of CoStar Group worth $9,156,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of CoStar Group during the first quarter valued at approximately $124,000. Penserra Capital Management LLC increased its stake in shares of CoStar Group by 9.5% in the first quarter. Penserra Capital Management LLC now owns 736 shares of the technology company’s stock valued at $152,000 after buying an additional 64 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of CoStar Group by 500.0% in the first quarter. Daiwa Securities Group Inc. now owns 900 shares of the technology company’s stock valued at $186,000 after buying an additional 750 shares during the period. Tredje AP fonden bought a new stake in shares of CoStar Group during the first quarter valued at approximately $222,000. Finally, Miles Capital Inc. bought a new stake in shares of CoStar Group during the first quarter valued at approximately $246,000.
CoStar Group, Inc. (NASDAQ:CSGP) opened at 270.67 on Tuesday. CoStar Group, Inc. has a 12-month low of $179.21 and a 12-month high of $278.30. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 97.36 and a beta of 1.51. The stock has a 50 day moving average price of $257.82 and a 200-day moving average price of $219.80.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, April 26th. The technology company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. The firm had revenue of $227 million during the quarter, compared to analyst estimates of $224.69 million. CoStar Group had a return on equity of 7.23% and a net margin of 10.47%. CoStar Group’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. Equities analysts predict that CoStar Group, Inc. will post $4.37 EPS for the current fiscal year.
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Several analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $275.00 price objective on shares of CoStar Group in a research note on Wednesday, May 3rd. Zacks Investment Research downgraded CoStar Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. SunTrust Banks, Inc. increased their price target on CoStar Group from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of CoStar Group in a research report on Monday, March 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $278.14.
In related news, VP Matthew Linnington sold 1,037 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $240.00, for a total value of $248,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew C. Florance sold 21,768 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $244.19, for a total transaction of $5,315,527.92. The disclosure for this sale can be found here. Insiders sold a total of 114,806 shares of company stock valued at $28,471,690 in the last ninety days. 2.98% of the stock is currently owned by insiders.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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