Alarm.com Holdings, Inc. (NASDAQ:ALRM) Stake Increased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 1.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 43,749 shares of the software maker’s stock after buying an additional 585 shares during the period. Texas Permanent School Fund Corp’s holdings in Alarm.com were worth $3,170,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ALRM. Oak Ridge Investments LLC grew its stake in Alarm.com by 0.3% during the 1st quarter. Oak Ridge Investments LLC now owns 63,176 shares of the software maker’s stock valued at $4,578,000 after acquiring an additional 173 shares in the last quarter. QRG Capital Management Inc. lifted its position in Alarm.com by 4.2% in the 4th quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock worth $367,000 after buying an additional 229 shares in the last quarter. Cardinal Capital Management grew its holdings in shares of Alarm.com by 2.4% during the 4th quarter. Cardinal Capital Management now owns 12,456 shares of the software maker’s stock valued at $805,000 after acquiring an additional 294 shares in the last quarter. First PREMIER Bank purchased a new stake in shares of Alarm.com during the first quarter worth $30,000. Finally, GAMMA Investing LLC acquired a new stake in Alarm.com during the fourth quarter valued at $31,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Trading Down 1.1 %

NASDAQ:ALRM opened at $65.73 on Monday. The company’s 50 day moving average is $65.08 and its 200-day moving average is $66.74. The company has a quick ratio of 5.03, a current ratio of 5.51 and a debt-to-equity ratio of 0.68. Alarm.com Holdings, Inc. has a 12 month low of $48.61 and a 12 month high of $77.29. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 3.24 and a beta of 0.92.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. The firm had revenue of $223.28 million for the quarter, compared to the consensus estimate of $218.32 million. Equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. William Blair raised Alarm.com to a “hold” rating in a research note on Thursday, May 9th. Barclays reduced their target price on shares of Alarm.com from $78.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.83.

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.