Oregon Public Employees Retirement Fund Boosts Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Oregon Public Employees Retirement Fund grew its holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) by 8.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,256 shares of the software maker’s stock after acquiring an additional 1,277 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Alarm.com were worth $1,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. acquired a new stake in Alarm.com during the second quarter worth approximately $35,000. EverSource Wealth Advisors LLC purchased a new position in shares of Alarm.com in the 2nd quarter valued at $56,000. Sandy Spring Bank acquired a new stake in Alarm.com during the 2nd quarter worth $62,000. Castle Wealth Management LLC purchased a new stake in Alarm.com in the second quarter valued at $67,000. Finally, CWM LLC boosted its stake in Alarm.com by 15.5% in the second quarter. CWM LLC now owns 1,470 shares of the software maker’s stock valued at $91,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.

Alarm.com Stock Performance

NASDAQ ALRM opened at $52.27 on Tuesday. The business has a 50 day moving average price of $50.16 and a 200 day moving average price of $60.52. The company has a market capitalization of $2.61 billion, a P/E ratio of 56.82, a PEG ratio of 5.49 and a beta of 1.00. Alarm.com Holdings, Inc. has a 1-year low of $46.94 and a 1-year high of $78.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 5.82 and a quick ratio of 5.08.

Alarm.com (NASDAQ:ALRMGet Rating) last posted its earnings results on Tuesday, November 8th. The software maker reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $216.14 million for the quarter, compared to analyst estimates of $210.63 million. Alarm.com had a return on equity of 10.76% and a net margin of 5.71%. Sell-side analysts expect that Alarm.com Holdings, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

ALRM has been the subject of several research reports. Roth Capital reduced their target price on Alarm.com from $81.00 to $65.00 in a report on Wednesday, November 9th. Maxim Group decreased their price target on Alarm.com from $90.00 to $80.00 in a report on Thursday, November 3rd. StockNews.com cut shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. Barclays reduced their target price on shares of Alarm.com from $70.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 8th. Finally, TheStreet lowered Alarm.com from a “b-” rating to a “c” rating in a report on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.20.

Alarm.com Profile

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Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Institutional Ownership by Quarter for Alarm.com (NASDAQ:ALRM)

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