Fayez Sarofim & Co Raises Stock Position in CoStar Group, Inc. $CSGP

Fayez Sarofim & Co lifted its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,174,799 shares of the technology company’s stock after buying an additional 17,666 shares during the period. Fayez Sarofim & Co owned about 0.51% of CoStar Group worth $183,488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CSGP. Empirical Finance LLC increased its stake in CoStar Group by 1.4% during the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock worth $673,000 after acquiring an additional 114 shares during the last quarter. Enhancing Capital LLC raised its position in CoStar Group by 2.2% during the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock valued at $593,000 after purchasing an additional 150 shares during the period. Rossby Financial LCC lifted its stake in shares of CoStar Group by 47.5% in the 3rd quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of CoStar Group by 4.8% in the 3rd quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company’s stock valued at $306,000 after purchasing an additional 166 shares during the last quarter. Finally, Zions Bancorporation National Association UT boosted its holdings in shares of CoStar Group by 41.8% in the 3rd quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after purchasing an additional 166 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSGP. Needham & Company LLC cut their target price on CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Finally, Bank of America set a $74.00 target price on shares of CoStar Group in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.35.

Insider Activity at CoStar Group

In related news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the transaction, the director owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.09% of the company’s stock.

CoStar Group Stock Performance

CSGP stock opened at $43.63 on Monday. CoStar Group, Inc. has a 1-year low of $42.94 and a 1-year high of $97.43. The business has a 50-day moving average price of $54.31 and a 200 day moving average price of $67.67. The company has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a PEG ratio of 1.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $899.90 million for the quarter, compared to the consensus estimate of $892.22 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities research analysts forecast that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has approved a stock buyback plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.