Alarm.com Holdings, Inc. $ALRM Stock Position Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 44.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,623 shares of the software maker’s stock after purchasing an additional 17,680 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of Alarm.com worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ALRM. Bessemer Group Inc. lifted its position in shares of Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock worth $39,000 after purchasing an additional 533 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock worth $51,000 after acquiring an additional 643 shares during the last quarter. Strs Ohio acquired a new stake in shares of Alarm.com in the first quarter worth $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Alarm.com during the first quarter worth $73,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Alarm.com by 87.9% during the first quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker’s stock valued at $109,000 after acquiring an additional 919 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of ALRM opened at $53.08 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.82 and a current ratio of 1.95. The stock has a 50 day simple moving average of $55.82 and a 200 day simple moving average of $55.73. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $70.06. The firm has a market capitalization of $2.65 billion, a PE ratio of 22.30, a P/E/G ratio of 2.61 and a beta of 1.07.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The business had revenue of $254.31 million during the quarter, compared to analyst estimates of $243.96 million. During the same period in the previous year, the firm earned $0.58 EPS. Alarm.com’s quarterly revenue was up 8.8% compared to the same quarter last year. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Sell-side analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.33.

About Alarm.com

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.