Yousif Capital Management LLC Has $4.64 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Yousif Capital Management LLC reduced its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,074 shares of the technology company’s stock after selling 2,073 shares during the quarter. Yousif Capital Management LLC’s holdings in CoStar Group were worth $4,638,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of CoStar Group by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,808,306 shares of the technology company’s stock valued at $1,523,061,000 after buying an additional 761,383 shares during the period. Wellington Management Group LLP grew its stake in shares of CoStar Group by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock valued at $275,308,000 after buying an additional 662,592 shares during the period. FMR LLC grew its stake in shares of CoStar Group by 83.2% in the 3rd quarter. FMR LLC now owns 1,405,414 shares of the technology company’s stock valued at $108,062,000 after buying an additional 638,241 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of CoStar Group by 5.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,967,040 shares of the technology company’s stock valued at $920,146,000 after buying an additional 596,595 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of CoStar Group by 24.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,775,814 shares of the technology company’s stock valued at $136,542,000 after buying an additional 352,169 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CSGP. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of CoStar Group in a research report on Friday, April 12th. Bank of America raised their price target on shares of CoStar Group from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 18th. BTIG Research began coverage on shares of CoStar Group in a research report on Friday, January 19th. They issued a “neutral” rating on the stock. Royal Bank of Canada raised their price target on shares of CoStar Group from $95.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, Stephens reaffirmed an “overweight” rating and issued a $105.00 price target on shares of CoStar Group in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.46.

CoStar Group Trading Up 2.6 %

NASDAQ:CSGP opened at $92.65 on Friday. The company has a current ratio of 9.09, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $37.83 billion, a PE ratio of 126.92, a price-to-earnings-growth ratio of 10.59 and a beta of 0.84. The firm’s 50 day moving average is $89.77 and its 200 day moving average is $84.76. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. CoStar Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Sell-side analysts expect that CoStar Group, Inc. will post 0.43 earnings per share for the current year.

CoStar Group Profile

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.