Fayez Sarofim & Co Purchases 17,666 Shares of CoStar Group, Inc. $CSGP

Fayez Sarofim & Co boosted its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,174,799 shares of the technology company’s stock after acquiring an additional 17,666 shares during the period. Fayez Sarofim & Co’s holdings in CoStar Group were worth $183,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in CoStar Group in the third quarter worth $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of CoStar Group during the 3rd quarter valued at $28,000. Westside Investment Management Inc. lifted its holdings in shares of CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of CoStar Group in the 3rd quarter worth $31,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of CoStar Group by 3,046.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 409 shares of the technology company’s stock worth $35,000 after purchasing an additional 396 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Up 0.6%

Shares of CSGP stock opened at $43.63 on Monday. CoStar Group, Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $97.43. The firm has a market capitalization of $18.32 billion, a PE ratio of 4,367.37, a P/E/G ratio of 1.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The stock’s 50-day simple moving average is $54.31 and its 200-day simple moving average is $67.67.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the purchase, the director owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSGP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Wells Fargo & Company lowered their price target on CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 25th. BTIG Research set a $60.00 price target on CoStar Group and gave the stock a “buy” rating in a research note on Thursday, February 26th. Bank of America set a $74.00 price objective on shares of CoStar Group in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of CoStar Group from $84.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.35.

CoStar Group Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.