Raymond James Financial Services Advisors Inc. Reduces Holdings in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 19.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,723 shares of the software maker’s stock after selling 3,398 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alarm.com were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ALRM. HighTower Advisors LLC lifted its position in shares of Alarm.com by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 14,646 shares of the software maker’s stock valued at $975,000 after buying an additional 800 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Alarm.com by 53.5% during the 1st quarter. MetLife Investment Management LLC now owns 25,138 shares of the software maker’s stock valued at $1,671,000 after purchasing an additional 8,765 shares during the period. Rhumbline Advisers raised its stake in shares of Alarm.com by 5.8% during the 1st quarter. Rhumbline Advisers now owns 114,173 shares of the software maker’s stock valued at $7,588,000 after purchasing an additional 6,295 shares during the period. Yousif Capital Management LLC raised its stake in shares of Alarm.com by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 41,740 shares of the software maker’s stock valued at $2,774,000 after purchasing an additional 540 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Alarm.com by 44.0% during the 1st quarter. Mackenzie Financial Corp now owns 3,738 shares of the software maker’s stock valued at $248,000 after purchasing an additional 1,143 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Insider Transactions at Alarm.com

In other news, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the transaction, the insider now directly owns 39,700 shares in the company, valued at approximately $2,955,268. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel Ramos sold 8,250 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the transaction, the insider now directly owns 39,700 shares in the company, valued at approximately $2,955,268. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 9,583 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $73.89, for a total value of $708,087.87. Following the completion of the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,770,875. The disclosure for this sale can be found here. In the last three months, insiders sold 111,532 shares of company stock worth $8,116,333. 5.60% of the stock is currently owned by corporate insiders.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $65.77 on Tuesday. The firm has a market capitalization of $3.28 billion, a P/E ratio of 42.99, a P/E/G ratio of 3.85 and a beta of 0.94. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72. The stock’s 50-day simple moving average is $71.24 and its two-hundred day simple moving average is $63.16. Alarm.com Holdings, Inc. has a twelve month low of $44.92 and a twelve month high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. Alarm.com’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on ALRM shares. Barclays boosted their price objective on Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Roth Mkm boosted their price objective on Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. StockNews.com upgraded Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. Finally, TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $68.83.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.