Mutual of America Capital Management LLC Increases Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Mutual of America Capital Management LLC lifted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,636 shares of the software maker’s stock after buying an additional 344 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alarm.com were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. William Blair Investment Management LLC lifted its stake in shares of Alarm.com by 7.6% during the 4th quarter. William Blair Investment Management LLC now owns 2,875,745 shares of the software maker’s stock valued at $243,892,000 after buying an additional 202,964 shares in the last quarter. Riverbridge Partners LLC increased its holdings in Alarm.com by 6.0% during the 1st quarter. Riverbridge Partners LLC now owns 2,033,529 shares of the software maker’s stock worth $135,148,000 after acquiring an additional 115,606 shares during the period. Geneva Capital Management LLC increased its holdings in Alarm.com by 6.1% during the 4th quarter. Geneva Capital Management LLC now owns 1,254,170 shares of the software maker’s stock worth $106,366,000 after acquiring an additional 72,459 shares during the period. Geode Capital Management LLC increased its holdings in Alarm.com by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 835,410 shares of the software maker’s stock worth $70,851,000 after acquiring an additional 24,407 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Alarm.com by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 803,829 shares of the software maker’s stock worth $68,172,000 after acquiring an additional 9,684 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALRM. Bank of America began coverage on shares of Alarm.com in a report on Wednesday, April 20th. They set a “buy” rating and a $75.00 target price on the stock. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Barclays decreased their price target on shares of Alarm.com from $70.00 to $63.00 in a report on Monday, May 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.60.

Alarm.com Price Performance

Shares of NASDAQ:ALRM opened at $70.77 on Monday. The company’s fifty day moving average price is $64.08 and its 200-day moving average price is $65.27. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 78.63, a PEG ratio of 4.21 and a beta of 1.16. Alarm.com Holdings, Inc. has a one year low of $54.99 and a one year high of $94.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.27 and a quick ratio of 7.46.

Alarm.com (NASDAQ:ALRMGet Rating) last released its earnings results on Thursday, May 5th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. Alarm.com had a net margin of 5.95% and a return on equity of 11.71%. The company had revenue of $205.40 million for the quarter, compared to analyst estimates of $192.02 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Alarm.com

In related news, Director Simone Wu sold 697 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $63.74, for a total transaction of $44,426.78. Following the transaction, the director now owns 5,850 shares of the company’s stock, valued at approximately $372,879. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alarm.com news, Director Simone Wu sold 697 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $63.74, for a total transaction of $44,426.78. Following the completion of the sale, the director now owns 5,850 shares of the company’s stock, valued at approximately $372,879. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey A. Bedell sold 1,862 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $57.80, for a total transaction of $107,623.60. Following the sale, the insider now directly owns 469,282 shares of the company’s stock, valued at approximately $27,124,499.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,325 shares of company stock valued at $664,025. Insiders own 5.50% of the company’s stock.

Alarm.com Profile

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Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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