Mutual of America Capital Management LLC Cuts Stake in Alarm.com Holdings, Inc. $ALRM

Mutual of America Capital Management LLC lessened its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,390 shares of the software maker’s stock after selling 808 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Alarm.com were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneva Capital Management LLC raised its position in shares of Alarm.com by 0.9% during the first quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker’s stock valued at $72,913,000 after buying an additional 12,198 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in Alarm.com by 26.3% during the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock valued at $49,103,000 after acquiring an additional 183,503 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alarm.com by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 535,678 shares of the software maker’s stock valued at $29,810,000 after acquiring an additional 5,295 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Alarm.com by 7.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 484,266 shares of the software maker’s stock valued at $26,950,000 after acquiring an additional 31,866 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Alarm.com in the 1st quarter worth $21,584,000. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Trading Up 0.9%

ALRM stock opened at $51.94 on Wednesday. Alarm.com Holdings, Inc. has a twelve month low of $48.23 and a twelve month high of $70.06. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.56 and a beta of 1.04. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $54.09 and its two-hundred day simple moving average is $55.21.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Alarm.com in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.60.

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.