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

Roper Technologies, Inc. (NYSE:ROP) CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 Trading Down 2.1 %

ROP opened at $575.15 on Thursday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $593.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market cap 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. The stock’s 50 day moving average price is $543.90 and its 200-day moving average price is $548.89.

Hedge Funds Weigh In On Roper Technologies

Hedge funds have recently bought and sold shares of the business. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the 4th quarter valued at about $26,000. Fortitude Family Office LLC bought a new position in Roper Technologies in the third quarter worth about $28,000. Putney Financial Group LLC bought a new position in Roper Technologies in the fourth quarter worth about $31,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the fourth quarter valued at about $36,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at about $39,000. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

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