Sandhill Capital Partners LLC Has $29.66 Million Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Sandhill Capital Partners LLC raised its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,446 shares of the technology company’s stock after purchasing an additional 5,465 shares during the period. CoStar Group makes up approximately 2.5% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 20th biggest position. Sandhill Capital Partners LLC’s holdings in CoStar Group were worth $29,664,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in CoStar Group by 125.4% during the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of CoStar Group during the fourth quarter worth $37,000. CVA Family Office LLC acquired a new position in shares of CoStar Group during the fourth quarter worth $60,000. KB Financial Partners LLC increased its holdings in shares of CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of CoStar Group by 78.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock worth $107,000 after buying an additional 540 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of CoStar Group from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Needham & Company LLC boosted their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America boosted their price objective on shares of CoStar Group from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. BTIG Research assumed coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.46.

CoStar Group Price Performance

NASDAQ:CSGP traded down $1.61 during trading hours on Thursday, hitting $90.34. The stock had a trading volume of 2,776,661 shares, compared to its average volume of 2,201,521. The company has a 50 day simple moving average of $89.40 and a two-hundred day simple moving average of $84.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. CoStar Group, Inc. has a one year low of $67.35 and a one year high of $100.38. The firm has a market capitalization of $36.90 billion, a price-to-earnings ratio of 123.75, a P/E/G ratio of 9.73 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm 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 4.97%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Research analysts forecast that CoStar Group, Inc. will post 0.44 earnings per share for the current fiscal year.

CoStar Group Company 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.