Texas Permanent School Fund lifted its stake in shares of AlarmCom Hldg Inc (NASDAQ:ALRM) by 35.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,908 shares of the software maker’s stock after purchasing an additional 5,730 shares during the quarter. Texas Permanent School Fund’s holdings in AlarmCom were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Nwam LLC bought a new stake in shares of AlarmCom during the 3rd quarter valued at approximately $207,000. Macquarie Group Ltd. grew its holdings in shares of AlarmCom by 583.3% during the 2nd quarter. Macquarie Group Ltd. now owns 4,100 shares of the software maker’s stock valued at $166,000 after purchasing an additional 3,500 shares during the last quarter. Amalgamated Bank bought a new stake in shares of AlarmCom during the 2nd quarter valued at approximately $200,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of AlarmCom during the 2nd quarter valued at approximately $214,000. Finally, Creative Planning bought a new stake in shares of AlarmCom during the 2nd quarter valued at approximately $233,000. 96.99% of the stock is currently owned by institutional investors.
ALRM opened at $47.27 on Friday. AlarmCom Hldg Inc has a fifty-two week low of $33.39 and a fifty-two week high of $60.20. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 62.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.67.
AlarmCom (NASDAQ:ALRM) last posted its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.11. AlarmCom had a net margin of 3.50% and a negative return on equity of 72.40%. The firm had revenue of $111.85 million for the quarter, compared to analyst estimates of $96.76 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. On average, equities analysts predict that AlarmCom Hldg Inc will post 1.01 earnings per share for the current fiscal year.
In other news, CFO Steve Valenzuela sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the chief financial officer now directly owns 42,774 shares of the company’s stock, valued at approximately $1,924,830. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Crossover Managemen Technology sold 172,032 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 334,245 shares of company stock worth $18,458,406. Insiders own 37.10% of the company’s stock.
ALRM has been the topic of a number of research reports. Imperial Capital reissued an “in-line” rating and set a $60.00 target price (up from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group boosted their target price on shares of AlarmCom from $52.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. Stifel Nicolaus boosted their target price on shares of AlarmCom from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Roth Capital boosted their target price on shares of AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. AlarmCom currently has an average rating of “Buy” and a consensus target price of $55.00.
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Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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