Roper TechnologiesROP
Market Cap: $59.7B
About: Roper Technologies is a diversified technology company that operates three segments: application software, network software, and technology enabled products. Roper acquires asset light, cash generative businesses and deploys excess cash to acquire further portfolio companies. The firm operates a highly decentralized model with portfolio company management holding autonomy and accountability for key operational decisions, and a small, centralized team overseeing capital deployment and providing executive coaching and reviewing strategic goals.
Employees: 16,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
165% more call options, than puts
Call options by funds: $266M | Put options by funds: $100M
34% more repeat investments, than reductions
Existing positions increased: 522 | Existing positions reduced: 390
8% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 110
1% more funds holding
Funds holding: 1,213 [Q1] → 1,222 (+9) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 20 (+0) [Q2]
2% less capital invested
Capital invested by funds: $57B [Q1] → $56B (-$1.03B) [Q2]
2.39% less ownership
Funds ownership: 95.16% [Q1] → 92.77% (-2.39%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Truist Securities Terry Tillman 64% 1-year accuracy 27 / 42 met price target | 19%upside $660 | Buy Reiterated | 27 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 21%upside $675 | Outperform Maintained | 16 Aug 2024 |
Jefferies Brent Thill 54% 1-year accuracy 20 / 37 met price target | 14%upside $635 | Buy Maintained | 16 Aug 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 21%upside $674 | Outperform Maintained | 25 Jul 2024 |
Oppenheimer Christopher Glynn 50% 1-year accuracy 11 / 22 met price target | 13%upside $630 | Outperform Maintained | 25 Jul 2024 |
Financial journalist opinion
Based on 8 articles about ROP published over the past 30 days