Kentucky Retirement Systems Has $2.28 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Kentucky Retirement Systems lessened its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,771 shares of the technology company’s stock after selling 241 shares during the quarter. Kentucky Retirement Systems’ holdings in CoStar Group were worth $2,281,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CSGP. Crewe Advisors LLC bought a new stake in CoStar Group during the 1st quarter worth about $31,000. Riverview Trust Co bought a new stake in shares of CoStar Group during the first quarter worth approximately $35,000. RiverPark Advisors LLC bought a new stake in shares of CoStar Group during the first quarter worth approximately $37,000. TFO Wealth Partners LLC boosted its stake in CoStar Group by 5,571.4% in the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock valued at $350,000 after acquiring an additional 390 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in CoStar Group during the 2nd quarter worth $49,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 2.4 %

Shares of NASDAQ:CSGP opened at $77.37 on Friday. The firm has a market cap of $31.59 billion, a price-to-earnings ratio of 105.99, a PEG ratio of 11.55 and a beta of 0.81. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38. The company’s fifty day simple moving average is $76.32 and its 200 day simple moving average is $81.96. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. As a group, research analysts forecast that CoStar Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

CSGP has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group decreased their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Bank of America cut their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. StockNews.com cut shares of CoStar Group from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of CoStar Group from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.