Louisiana State Employees Retirement System Purchases 500 Shares of CoStar Group, Inc. $CSGP

Louisiana State Employees Retirement System lifted its position in CoStar Group, Inc. (NASDAQ:CSGP) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,200 shares of the technology company’s stock after buying an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in CoStar Group were worth $4,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of CoStar Group by 4.1% in the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after buying an additional 2,709,320 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of CoStar Group by 6.6% in the first quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company’s stock worth $668,400,000 after buying an additional 524,601 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of CoStar Group in the first quarter worth approximately $586,403,000. Polen Capital Management LLC lifted its stake in shares of CoStar Group by 1.6% in the first quarter. Polen Capital Management LLC now owns 6,601,800 shares of the technology company’s stock worth $523,061,000 after buying an additional 104,612 shares in the last quarter. Finally, Invesco Ltd. lifted its position in CoStar Group by 1.7% during the first quarter. Invesco Ltd. now owns 4,305,556 shares of the technology company’s stock valued at $341,129,000 after purchasing an additional 70,561 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 2.0%

CSGP opened at $79.00 on Thursday. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 1-year low of $68.26 and a 1-year high of $97.43. The company has a market capitalization of $33.47 billion, a PE ratio of 316.00, a PEG ratio of 3.71 and a beta of 0.87. The firm’s 50 day simple moving average is $88.31 and its two-hundred day simple moving average is $82.85.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $772.06 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

CSGP has been the topic of a number of research analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday, July 16th. Weiss Ratings restated a “hold (c-)” rating on shares of CoStar Group in a research report on Wednesday. Royal Bank Of Canada increased their price objective on shares of CoStar Group from $83.00 to $91.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, Needham & Company LLC increased their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.15.

Insider Activity at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the sale, the insider directly owned 319,539 shares of the company’s stock, valued at $29,790,620.97. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the sale, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock worth $4,777,764 over the last quarter. Insiders own 1.09% of the company’s stock.

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.