William Blair Investment Management LLC Has $130.63 Million Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

William Blair Investment Management LLC decreased its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,527,718 shares of the software maker’s stock after selling 4,538 shares during the period. William Blair Investment Management LLC owned approximately 5.07% of Alarm.com worth $130,632,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in Alarm.com in the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC raised its position in Alarm.com by 422.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock valued at $53,000 after purchasing an additional 853 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Alarm.com during the second quarter valued at about $92,000. HM Payson & Co. bought a new position in Alarm.com in the 2nd quarter valued at approximately $95,000. Finally, Federated Hermes Inc. boosted its position in Alarm.com by 1,006.0% during the 1st quarter. Federated Hermes Inc. now owns 2,024 shares of the software maker’s stock worth $102,000 after buying an additional 1,841 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Alarm.com Stock Performance

Shares of ALRM stock opened at $58.37 on Tuesday. Alarm.com Holdings, Inc. has a 12 month low of $44.92 and a 12 month high of $62.64. The firm has a market capitalization of $2.92 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 9.55 and a beta of 0.88. The firm has a fifty day simple moving average of $57.39 and a two-hundred day simple moving average of $54.43. The company has a current ratio of 5.42, a quick ratio of 4.75 and a debt-to-equity ratio of 0.74.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, November 9th. The software maker reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $221.85 million during the quarter, compared to the consensus estimate of $223.65 million. Alarm.com had a return on equity of 10.73% and a net margin of 7.85%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Analysts forecast that Alarm.com Holdings, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALRM. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th. TheStreet downgraded Alarm.com from a “b-” rating to a “c+” rating in a research note on Wednesday, November 1st. Northland Securities raised their target price on Alarm.com from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Barclays boosted their price target on Alarm.com from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Finally, Raymond James raised their price objective on shares of Alarm.com from $65.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $65.50.

Alarm.com Company Profile

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 in 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 escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.