Fidelis Capital Partners LLC Sells 197 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Fidelis Capital Partners LLC cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,038 shares of the technology company’s stock after selling 197 shares during the period. Fidelis Capital Partners LLC’s holdings in CoStar Group were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in CoStar Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock valued at $6,322,615,000 after purchasing an additional 541,700 shares in the last quarter. Janus Henderson Group PLC raised its stake in CoStar Group by 17.7% in the first quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock valued at $1,140,650,000 after buying an additional 1,773,564 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in CoStar Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,117,260 shares of the technology company’s stock worth $453,534,000 after purchasing an additional 124,761 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of CoStar Group by 0.6% during the first quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock worth $426,951,000 after buying an additional 26,800 shares during the period. Finally, Capital International Investors increased its position in shares of CoStar Group by 32.2% in the 4th quarter. Capital International Investors now owns 4,036,609 shares of the technology company’s stock valued at $352,759,000 after acquiring an additional 982,837 shares during the period. 96.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CSGP. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research note on Friday, September 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $96.00 price target on shares of CoStar Group in a report on Tuesday, September 10th. The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Needham & Company LLC reissued a “buy” rating and set a $107.00 target price on shares of CoStar Group in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Trading Down 2.4 %

Shares of CoStar Group stock opened at $77.37 on Monday. The company has a current ratio of 9.27, a quick ratio of 9.27 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $67.35 and a twelve month high of $100.38. The firm has a market capitalization of $31.59 billion, a PE ratio of 105.99, a P/E/G ratio of 11.55 and a beta of 0.81. The firm’s 50-day moving average price is $76.32 and its 200 day moving average price is $81.88.

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

About CoStar Group

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.