Raymond James & Associates Acquires 25,260 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Raymond James & Associates grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 627,021 shares of the technology company’s stock after purchasing an additional 25,260 shares during the quarter. Raymond James & Associates owned approximately 0.15% of CoStar Group worth $54,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSGP. Raymond James Financial Services Advisors Inc. grew its position in shares of CoStar Group by 111.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,683 shares of the technology company’s stock worth $1,045,000 after buying an additional 8,253 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of CoStar Group by 504.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,874 shares of the technology company’s stock worth $125,000 after buying an additional 1,564 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of CoStar Group in the 1st quarter worth approximately $1,427,000. Panagora Asset Management Inc. grew its position in shares of CoStar Group by 10.6% in the 1st quarter. Panagora Asset Management Inc. now owns 12,007 shares of the technology company’s stock worth $800,000 after buying an additional 1,152 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of CoStar Group by 32.3% in the 1st quarter. Raymond James Trust N.A. now owns 5,884 shares of the technology company’s stock worth $392,000 after buying an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CSGP shares. Bank of America lifted their price objective on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Needham & Company LLC dropped their target price on shares of CoStar Group from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. The Goldman Sachs Group boosted their target price on shares of CoStar Group from $96.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Robert W. Baird boosted their target price on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Royal Bank of Canada boosted their target price on shares of CoStar Group from $95.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.70.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $96.22 on Thursday. The company’s fifty day moving average price is $86.24 and its 200 day moving average price is $82.87. CoStar Group, Inc. has a 1 year low of $67.03 and a 1 year high of $100.38. The company has a market capitalization of $39.30 billion, a PE ratio of 104.59, a price-to-earnings-growth ratio of 11.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that CoStar Group, Inc. will post 0.43 earnings per share for the current year.

CoStar Group Company Profile

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.