Synovus Financial Corp Sells 2,310 Shares of Roper Technologies, Inc. (NYSE:ROP)

Synovus Financial Corp trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 39.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,557 shares of the industrial products company’s stock after selling 2,310 shares during the quarter. Synovus Financial Corp’s holdings in Roper Technologies were worth $1,849,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies during the 4th quarter worth about $36,000. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $38,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $45,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $567.08 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $60.90 billion, a P/E ratio of 39.55, a P/E/G ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The stock has a 50 day moving average of $572.08 and a 200-day moving average of $554.16.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Robert W. Baird set a $665.00 price objective on shares of Roper Technologies in a research report on Friday, January 31st. Stifel Nicolaus began coverage on shares of Roper Technologies in a research note on Thursday, March 27th. They issued a “buy” rating and a $685.00 price target on the stock. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.73.

Insider Buying and Selling at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. Insiders own 0.87% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.