Alarm.com Holdings, Inc. (NASDAQ:ALRM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 3.5% in the first quarter, Holdings Channel reports. The firm owned 37,650 shares of the software maker’s stock after selling 1,377 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Alarm.com were worth $2,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Janus Henderson Group PLC grew its holdings in Alarm.com by 36.8% in the 1st quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after buying an additional 8,843 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Alarm.com during the first quarter worth $228,000. Price T Rowe Associates Inc. MD increased its stake in Alarm.com by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,950 shares of the software maker’s stock worth $2,389,000 after acquiring an additional 1,755 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Alarm.com by 5.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 42,775 shares of the software maker’s stock valued at $3,094,000 after purchasing an additional 2,134 shares during the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in Alarm.com during the first quarter worth about $759,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on ALRM shares. StockNews.com cut Alarm.com from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 18th. William Blair upgraded Alarm.com to a “hold” rating in a research note on Thursday, May 9th. Finally, Barclays lowered their target price on Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alarm.com presently has an average rating of “Moderate Buy” and an average target price of $67.83.

Alarm.com Stock Down 3.5 %

Alarm.com stock traded down $2.39 during mid-day trading on Friday, hitting $65.95. The company had a trading volume of 305,063 shares, compared to its average volume of 302,354. The company has a quick ratio of 5.03, a current ratio of 5.51 and a debt-to-equity ratio of 0.68. Alarm.com Holdings, Inc. has a 1 year low of $48.61 and a 1 year high of $77.29. The business has a fifty day moving average of $65.07 and a 200 day moving average of $67.33. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 3.37 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The firm had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. On average, sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.