Oarsman Capital Inc. Has $543,000 Stock Position in CoStar Group, Inc. (NASDAQ:CSGP)

Oarsman Capital Inc. lessened its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,590 shares of the technology company’s stock after selling 1,148 shares during the period. Oarsman Capital Inc.’s holdings in CoStar Group were worth $543,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in shares of CoStar Group during the 4th quarter worth about $8,375,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of CoStar Group by 414.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company’s stock worth $36,000 after acquiring an additional 402 shares during the last quarter. DF Dent & Co. Inc. grew its stake in shares of CoStar Group by 38.5% during the fourth quarter. DF Dent & Co. Inc. now owns 2,456,562 shares of the technology company’s stock valued at $175,865,000 after purchasing an additional 682,984 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of CoStar Group by 10.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 83,242 shares of the technology company’s stock worth $5,959,000 after acquiring an additional 7,712 shares during the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in CoStar Group during the 4th quarter worth about $212,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Price Performance

NASDAQ CSGP opened at $72.62 on Friday. CoStar Group, Inc. has a 12-month low of $68.26 and a 12-month high of $95.71. The firm’s 50 day moving average is $77.30 and its 200-day moving average is $75.79. The company has a market capitalization of $29.78 billion, a PE ratio of 207.49 and a beta of 0.88. The company has a quick ratio of 9.63, a current ratio of 8.96 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $709.40 million during the quarter, compared to the consensus estimate of $703.00 million. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on CSGP. Wells Fargo & Company cut their target price on CoStar Group from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. JMP Securities reissued a “market outperform” rating and issued a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. Piper Sandler initiated coverage on CoStar Group in a research note on Friday, February 28th. They set an “overweight” rating on the stock. Finally, Craig Hallum assumed coverage on CoStar Group in a report on Friday, February 28th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.07.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the transaction, the chief accounting officer now owns 29,456 shares of the company’s stock, valued at $2,353,534.40. This trade represents a 5.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.57% of the company’s stock.

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.