Jason Conley Sells 3,000 Shares of Roper Technologies, Inc. (NYSE:ROP) Stock

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jason Conley also recently made the following trade(s):

• On Friday, January 31st, Jason Conley sold 3,000 shares of Roper Technologies stock. The shares were sold at an average price of $578.05, for a total transaction of $1,734,150.00.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $12.19 during trading on Wednesday, reaching $575.15. The stock had a trading volume of 646,004 shares, compared to its average volume of 657,554. The stock has a fifty day simple moving average of $542.93 and a two-hundred day simple moving average of $548.71. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $593.91. The firm has a market capitalization of $61.67 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.77 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Roper Technologies by 59,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock worth $34,573,000 after purchasing an additional 62,028 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Roper Technologies by 57.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 1,522 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of Roper Technologies by 11.9% during the third quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock worth $772,000 after buying an additional 147 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Roper Technologies by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock valued at $6,934,000 after acquiring an additional 825 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Roper Technologies by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 35,195 shares of the industrial products company’s stock worth $19,584,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ROP shares. Truist Financial restated a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Raymond James reissued a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer raised their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $623.60.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.