Louisiana State Employees Retirement System Makes New $1.62 Million Investment in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Louisiana State Employees Retirement System purchased a new position in Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,000 shares of the software maker’s stock, valued at approximately $1,616,000. Louisiana State Employees Retirement System owned approximately 0.05% of Alarm.com as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Operose Advisors LLC purchased a new stake in shares of Alarm.com during the 3rd quarter valued at about $26,000. Signaturefd LLC raised its position in shares of Alarm.com by 474.7% during the 3rd quarter. Signaturefd LLC now owns 500 shares of the software maker’s stock valued at $31,000 after buying an additional 413 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Alarm.com during the 4th quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alarm.com during the 4th quarter valued at about $46,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Alarm.com by 422.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock valued at $53,000 after buying an additional 853 shares in the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on ALRM shares. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Roth Mkm increased their price objective on shares of Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Finally, Barclays increased their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $68.83.

Insider Activity

In other news, insider Daniel Ramos sold 8,250 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total transaction of $614,130.00. Following the transaction, the insider now directly owns 39,700 shares in the company, valued at $2,955,268. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Daniel Ramos sold 8,250 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total transaction of $614,130.00. Following the transaction, the insider now directly owns 39,700 shares in the company, valued at $2,955,268. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steve Valenzuela sold 9,583 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total transaction of $708,087.87. Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,770,875. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,532 shares of company stock worth $8,116,333. Corporate insiders own 5.60% of the company’s stock.

Alarm.com Price Performance

Shares of ALRM stock opened at $64.11 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The company has a market capitalization of $3.20 billion, a P/E ratio of 41.90, a P/E/G ratio of 3.65 and a beta of 0.94. The company’s 50-day simple moving average is $71.25 and its two-hundred day simple moving average is $63.23. Alarm.com Holdings, Inc. has a one year low of $44.92 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. Alarm.com’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 EPS for the current year.

Alarm.com 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 through 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 video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.