Employees Retirement System of Texas Boosts Stock Position in CoStar Group, Inc. $CSGP

Employees Retirement System of Texas increased its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 52.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,224 shares of the technology company’s stock after purchasing an additional 21,852 shares during the quarter. Employees Retirement System of Texas’ holdings in CoStar Group were worth $4,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSGP. Integrated Wealth Concepts LLC increased its position in CoStar Group by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after purchasing an additional 426 shares in the last quarter. NewEdge Advisors LLC grew its holdings in CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after buying an additional 1,295 shares during the period. Jones Financial Companies Lllp increased its stake in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 11,370 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after acquiring an additional 666 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louise S. Sams bought 1,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Royal Bank Of Canada cut their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Citigroup cut their price objective on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, BMO Capital Markets cut their price objective on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus target price of $55.94.

CoStar Group Stock Down 0.6%

Shares of NASDAQ:CSGP opened at $32.32 on Thursday. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 538.76, a price-to-earnings-growth ratio of 0.84 and a beta of 0.75. The company has a 50 day moving average of $37.34 and a two-hundred day moving average of $51.97. CoStar Group, Inc. has a 52-week low of $31.35 and a 52-week high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

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.