Fiera Capital Corp Increases Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Fiera Capital Corp raised its stake in CoStar Group, Inc. (NASDAQ:CSGP) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,967 shares of the technology company’s stock after acquiring an additional 8,004 shares during the period. Fiera Capital Corp’s holdings in CoStar Group were worth $6,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CSGP. Crewe Advisors LLC purchased a new stake in CoStar Group during the 1st quarter valued at about $31,000. Industrial Alliance Investment Management Inc. purchased a new stake in shares of CoStar Group during the second quarter valued at approximately $49,000. Quarry LP bought a new stake in shares of CoStar Group during the second quarter valued at approximately $54,000. Covestor Ltd raised its holdings in CoStar Group by 43.0% in the 1st quarter. Covestor Ltd now owns 702 shares of the technology company’s stock worth $68,000 after acquiring an additional 211 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in CoStar Group in the 2nd quarter valued at approximately $73,000. 96.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CoStar Group

In related news, Director Michael R. Klein sold 71,633 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the sale, the director now owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Michael R. Klein sold 71,633 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $74.69, for a total value of $5,350,268.77. Following the transaction, the director now owns 1,913,501 shares of the company’s stock, valued at approximately $142,919,389.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew C. Florance bought 14,731 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $74.67 per share, with a total value of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at $94,315,527.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

CoStar Group Trading Up 1.4 %

Shares of NASDAQ:CSGP opened at $77.39 on Friday. The stock has a 50 day moving average of $76.06 and a 200 day moving average of $78.06. The company has a market cap of $31.73 billion, a PE ratio of 175.89 and a beta of 0.82. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities research analysts expect that CoStar Group, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

CSGP has been the subject of a number of research analyst reports. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Needham & Company LLC dropped their price target on shares of CoStar Group from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada lowered shares of CoStar Group from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $96.00 to $83.00 in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $93.25.

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.