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Sarasota, Florida-based Roper Technologies, Inc. (ROP) operates market-leading businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets. Valued at $63.2 billion by market cap, Roper operates through Application Software, Network Software, and technology-enabled product segments.
Companies worth $10 billion or more are generally described as “large-cap stocks,” Roper fits this bill perfectly. Given the company’s extensive operations and businesses and solid customer base, its valuation above this mark is unsurprising.
Roper is currently trading 1.1% below its all-time high of $595.17 touched on Mar. 5. Over the past three months, ROP has soared 6.8% significantly outperforming the Nasdaq Composite’s ($NASX) 8.4% decline during the same time frame.
However, over the longer time frame, ROP has notably underperformed the Nasdaq Composite. Roper’s stock prices gained 7.4% over the past six months and 7.7% over the past 52 weeks, lagging behind NASX’s 9% surge over the past six months and 11.8% returns over the past year.
To confirm the recent upturn, Roper has observed a notable surge in stock prices since mid-January and traded consistently above its 50-day and 200-day moving averages since late January.
Roper Technologies’ stock prices soared 5.1% after the release of its impressive Q4 results on Jan. 30. Driven by solid contribution from acquisitions and notable organic growth, the company’s overall topline surged 16.3% year-over-year to $1.9 billion, exceeding the Street’s expectations by 2.5%. Meanwhile, its adjusted EPS increased 10.1% year-over-year to $4.81, surpassing the consensus estimates by 1.9%. Furthermore, the company expects its organic revenue growth to range between 6% to 7% in fiscal 2025 and combined with gains from acquisitions, Roper expects its revenues to continue to grow by a double-digit figure in 2025.
However, Roper Technologies has significantly lagged behind its peer Fair Isaac Corporation’s (FICO) 37.4% surge over the past 52 weeks.
Among the 14 analysts covering the ROP stock, the consensus rating is a “Moderate Buy.” Its mean price target of $630 suggests a 7.1% upside from current price levels.
