California State Teachers Retirement System Buys 6,381 Shares of CoStar Group, Inc. (NASDAQ:CSGP)

California State Teachers Retirement System boosted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 1.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 656,559 shares of the technology company’s stock after purchasing an additional 6,381 shares during the quarter. California State Teachers Retirement System owned about 0.16% of CoStar Group worth $63,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSGP. Blue Trust Inc. grew its holdings in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after purchasing an additional 173 shares during the period. Global Retirement Partners LLC grew its holdings in shares of CoStar Group by 348.6% during the fourth quarter. Global Retirement Partners LLC now owns 2,288 shares of the technology company’s stock valued at $187,000 after buying an additional 1,778 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of CoStar Group by 16.0% during the fourth quarter. Fifth Third Bancorp now owns 7,395 shares of the technology company’s stock valued at $646,000 after buying an additional 1,018 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of CoStar Group by 6.7% during the fourth quarter. State of Michigan Retirement System now owns 119,400 shares of the technology company’s stock valued at $10,434,000 after buying an additional 7,500 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its holdings in shares of CoStar Group by 28.6% during the fourth quarter. Patten & Patten Inc. TN now owns 7,726 shares of the technology company’s stock valued at $675,000 after buying an additional 1,718 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director John W. Hill 1,325 shares of the stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CSGP shares. Needham & Company LLC reiterated a “buy” rating and set a $107.00 price target on shares of CoStar Group in a report on Wednesday, July 24th. William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Wednesday, April 24th. The Goldman Sachs Group dropped their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird dropped their target price on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets raised their target price on shares of CoStar Group from $84.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $96.08.

CoStar Group Price Performance

Shares of CSGP stock traded down $0.38 on Thursday, hitting $77.64. 23,057 shares of the stock traded hands, compared to its average volume of 2,301,155. The firm has a market cap of $31.82 billion, a price-to-earnings ratio of 106.88, a PEG ratio of 11.65 and a beta of 0.81. CoStar Group, Inc. has a 52 week low of $67.35 and a 52 week high of $100.38. The firm has a 50 day simple moving average of $76.28 and a two-hundred day simple moving average of $83.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27.

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

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.