Roper Technologies Inc (NYSE:ROP) is Alleghany Corp DE’s 3rd Largest Position

Renaissance Technologies LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth approximately $68,307,000.

Roper Technologies logoAlleghany Corp DE decreased its stake in Roper Technologies Inc (NYSE:ROP) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 527,998 shares of the industrial products company’s stock after selling 34,002 shares during the quarter. Roper Technologies comprises 10.0% of Alleghany Corp DE’s portfolio, making the stock its 3rd biggest holding. Alleghany Corp DE owned about 0.51% of Roper Technologies worth $193,385,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ROP. FMR LLC boosted its holdings in shares of Roper Technologies by 95.8% in the 1st quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after purchasing an additional 848,157 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth approximately $68,307,000. Mirova boosted its holdings in shares of Roper Technologies by 132,040.5% in the 2nd quarter. Mirova now owns 153,283 shares of the industrial products company’s stock worth $56,141,000 after purchasing an additional 153,167 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Roper Technologies by 77.7% in the 2nd quarter. Bessemer Group Inc. now owns 342,751 shares of the industrial products company’s stock worth $125,536,000 after purchasing an additional 149,837 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Roper Technologies by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock worth $358,725,000 after purchasing an additional 103,001 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

ROP opened at $359.55 on Friday. The business has a fifty day moving average of $359.35 and a 200 day moving average of $353.71. Roper Technologies Inc has a 52-week low of $245.59 and a 52-week high of $385.51. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The stock has a market cap of $36.82 billion, a P/E ratio of 30.44, a PEG ratio of 2.47 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $3.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business earned $2.89 EPS. Roper Technologies’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies Inc will post 13.01 EPS for the current fiscal year.

ROP has been the subject of a number of recent research reports. Wells Fargo & Co lifted their target price on Roper Technologies from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on Roper Technologies from $393.00 to $404.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Raymond James boosted their price objective on Roper Technologies from $370.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Barclays boosted their price objective on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Finally, Oppenheimer boosted their price objective on Roper Technologies from $375.00 to $400.00 in a report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Roper Technologies currently has a consensus rating of “Buy” and an average target price of $377.50.

In other Roper Technologies news, Director Robert D. Johnson sold 500 shares of Roper Technologies stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total transaction of $181,520.00. Following the completion of the sale, the director now directly owns 9,080 shares of the company’s stock, valued at approximately $3,296,403.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,500 shares of Roper Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $360.54, for a total value of $540,810.00. Following the sale, the director now directly owns 15,380 shares of the company’s stock, valued at $5,545,105.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,000 shares of company stock valued at $1,449,210. 1.90% of the stock is owned by company insiders.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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Bronfman EL Rothschild LP Has $1.56 Million Stock Holdings in Roper Technologies Inc (NYSE …

Renaissance Technologies LLC purchased a new stake in Roper Technologies in the second quarter valued at $68,307,000. Bessemer Group Inc.

Roper Technologies logoBronfman E.L. Rothschild L.P. cut its holdings in Roper Technologies Inc (NYSE:ROP) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,254 shares of the industrial products company’s stock after selling 455 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Roper Technologies were worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in Roper Technologies by 95.8% during the first quarter. FMR LLC now owns 1,733,162 shares of the industrial products company’s stock worth $592,690,000 after buying an additional 848,157 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in Roper Technologies during the first quarter worth $64,498,000. Renaissance Technologies LLC purchased a new stake in Roper Technologies in the second quarter valued at $68,307,000. Bessemer Group Inc. raised its holdings in shares of Roper Technologies by 77.7% in the 2nd quarter. Bessemer Group Inc. now owns 342,751 shares of the industrial products company’s stock valued at $125,536,000 after buying an additional 149,837 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Roper Technologies by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 1,348,325 shares of the industrial products company’s stock valued at $358,725,000 after buying an additional 103,001 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer upped their price objective on Roper Technologies from $375.00 to $400.00 in a research report on Tuesday, July 9th. Barclays upped their price objective on Roper Technologies from $342.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Royal Bank of Canada increased their price objective on Roper Technologies from $393.00 to $404.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research cut Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 price objective for the company. in a research report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $377.50.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 2,000 shares of Roper Technologies stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $363.44, for a total value of $726,880.00. Following the completion of the transaction, the director now directly owns 12,918 shares in the company, valued at $4,694,917.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $363.04, for a total value of $181,520.00. Following the transaction, the director now owns 9,080 shares of the company’s stock, valued at $3,296,403.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,000 shares of company stock worth $1,449,210. Corporate insiders own 1.90% of the company’s stock.

NYSE:ROP traded up $1.07 during trading hours on Friday, reaching $359.55. 362,580 shares of the company traded hands, compared to its average volume of 394,513. Roper Technologies Inc has a 1-year low of $245.59 and a 1-year high of $385.51. The firm’s 50-day moving average is $359.35 and its 200-day moving average is $353.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.97. The stock has a market cap of $36.82 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.47 and a beta of 1.16.

Roper Technologies (NYSE:ROP) last issued its earnings results on Thursday, July 25th. The industrial products company reported $3.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.05 by $0.02. Roper Technologies had a return on equity of 16.70% and a net margin of 21.16%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies Inc will post 13.01 earnings per share for the current year.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

Further Reading: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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New offerings bolster GCash

Most fintech [financial technology] companies in the Philippines battle for the most convenient products, but it is high time for everyone to start talking …

New offerings bolster GCash

September 15, 2019

GCASH, an electronic-cash services provider backed by Globe Telecom Inc., continues to expand its reach in the local cashless economy by introducing new services to attract more users.

In this regard, GCash recently expanded its partnership with Puregold Price Club Inc. to allow its users to load their account via a barcode in all the listed supermarket operator’s branches.

“You put the amount that you want on the GCash app, then we generate the barcode and you [hand over] your cash and it’s done,” Globe President and Chief Executive Officer Ernest Cu said at the service’s launch in Taguig City on Tuesday.

For his part, Puregold President Vincent Co said there were 65 Puregold stores — out of 354 across the country as of 2018 — with exclusive lanes for GCash.

The e-wallet is operated by Mynt, which is a partnership between Globe, its parent firm Ayala Corp., and Ant Financial.

“Puregold and GCash have been longtime partners in providing useful innovations to Filipinos. By tapping Puregold checkout counters as cash-in points, we encourage more people to discover and enjoy the convenience of going cashless,” Fred Levy, Mynt’s chief commercial officer for transfers, said in a statement.

On Wednesday, GCash also unveiled its Customer Protect program that offers up to P100,000 as compensation for unauthorized financial transactions using GCash on the Messenger or GCash Mastercard platforms.

“It’s actually elevating the financial landscape. Most fintech [financial technology] companies in the Philippines battle for the most convenient products, but it is high time for everyone to start talking about security. If you are able to provide this platform you should be able to back it up and protect users, as well,” GCash Risk Policy Lead

Louie Miguel Santos said.

Neighbors are using these smart cameras to track strangers’ cars — and yours

… class of 2017 and has since raised nearly $20 million in funding from tech heavyweights including Matrix Partners and Peter Thiel’s Founders Fund.

On a quiet road south of Ventura Boulevard, two cameras on a pole watch over the road, facing opposite directions.

A block away, another brace of cameras sit sentry. Together, they constantly film the two points of entry to a closed loop of public streets in Sherman Oaks.

Nearby, on a dual-screen setup in the basement of his hillside home, Robert Shontell pulls up hundreds of snippets of footage captured by the cameras earlier that day. Each shows a car, time-stamped and tagged with the make, model, paint color and license plate.

He searches for a silver Honda spotted between the hours of 1 and 2 p.m. After some scrolling, a shot of my car — and me — pops up.

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“The most surprising thing is just how many cars drive through the neighborhood each day,” Shontell says. And every one ends up filmed by the motion-activated cameras, then tagged and entered in the database by the machine vision software powering the system.

Residents of the neighborhood had pooled their money to rent these cameras, and the software behind them, from Flock Safety — an Atlanta-based company that has found clients for its automatic license plate readers in safety-conscious communities, homeowners’ associations and local police departments across 30 states.

The company’s pitch: With its cameras, residents can track every vehicle that passes through their neighborhood. If a burglar strikes, they can check and see which cars were spotted in the area around the time of the crime, and pass that footage on to police. To allay privacy concerns, only the residents have access to the footage, and it automatically deletes after 30 days.

Costs vary depending on the client, but Flock generally charges $2,000 per camera per year for the service, and reports that more than 400 communities are using its product. It’s backed by serious Silicon Valley investment: The company was a member of prominent start-up accelerator Y Combinator’s summer class of 2017 and has since raised nearly $20 million in funding from tech heavyweights including Matrix Partners and Peter Thiel’s Founders Fund.

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“Our cameras are helping solve two crimes every single day right now,” said Josh Thomas, Flock’s head of marketing. The company said it couldn’t share details of every case but did note that the technology was integral to a recent arrest of a ring of 24 sexual predators in north Georgia, and local media outlets report a steady drumbeat of burglaries and car thefts that Flock helped to solve. “If we can reach further scale and put out more detective-like cameras on every street corner, we can solve more crime.”

Flock’s push to put a camera on every corner comes at a time when smart cameras and social media are combining to create a newly paranoid model of neighborhood life. The message boards on Nextdoor, a social service that requires users to verify their addresses to ensure that only true locals are allowed to post, are rife with reports of suspicious noises, cars and people.

Footage from Ring, a video doorbell company, often ends up on Nextdoor or shared on its in-house social network, Neighbors. Recent reporting from Motherboard has revealed that local police have signed secret agreements to hawk Ring systems to their local communities, and BuzzFeed found that the company is testing out facial recognition technology with its clients in Ukraine.

License plate reader technology, which has been used by the Los Angeles Police Department and agencies across the state for years, has raised concerns among privacy advocates, and the state of California is investigating the legality of its use in law enforcement.

“License plate readers have been recognized by the Legislature and lots of police departments — and certainly civil liberty groups — as technology that can violate people’s privacy by tracking their movements without their consent,” said David Maass, senior investigative researcher with the Electronic Frontier Foundation, a digital civil liberties nonprofit.

The leap from traditional security camera systems to those powered by machine vision, like automatic license plate readers, is as vast as the difference between an analog library and the modern internet. Before, a human would have to pore over hours of footage from multiple cameras to try to piece together a car’s movement through a neighborhood, let alone an entire city. Now, the software can instantly spit out a list of all sightings, effectively creating a shot-by-shot map of a car’s whereabouts.

And while the technology is more accurate than its machine vision cousin, facial recognition software, false positives remain a risk.

Last year in Contra Costa County, a license plate reader spotted a car on the freeway listed as stolen in a state database. Police pulled the car over, approached with guns drawn, handcuffed the driver and his passenger, and forced them to kneel on the pavement at gunpoint, believing them to be dangerous. But the stolen car database was out of date — the car was a rental and had been reported stolen, then recovered, earlier in the year.

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Outcry over incidents like this prompted state legislators in 2015 to pass a law regulating how public agencies can use automatic license plate readers, but recent pushback from privacy advocates, backed by research indicating that law enforcement may not be following the law, prompted the state auditor to launch a probe into the technology’s use in June.

Flock’s extension of the same technology into the private sphere raises another set of concerns: Private citizens are unlikely to receive the same training, or be subject to the same oversight, as public employees. A neighborhood administrator could easily search local Flock records to track a spouse’s whereabouts. And while the onus is currently on Flock clients to send their footage to police to assist in an investigation, there’s little stopping police, once they know cameras are in place, from requesting footage from Flock users to track anyone who passes through the area — a practice that’s already common with Ring video.

“Our customers are the ones who own all the footage. We don’t access it, we don’t share it with third parties, we don’t sell it. They can share that with their local law enforcement in the event of the crime if they choose,” said Flock’s Thomas.

“It would be a breach of contract if they were to use it for other nefarious purposes,” he added. “We would end our contract and take it back,” though he noted that with no access to a client’s account, the company has no way to monitor the systems for abuse.

Shontell said that he and his neighbors started looking into the company after a series of break-ins on their street, having heard about it from friends who live in a nearby hillside neighborhood, and decided to install the cameras earlier this summer. As a career film and TV editor, he volunteered to be one of the technical administrators for the system.

During the setup process, users can add a list of residents’ plates, to avoid mistaking a neighbor for an interloper. Those with a direct line to the system administrators can also request that footage of their cars not be logged in the system. Shontell said that the neighborhood group went door to door to let every household know they were installing the cameras, but there’s no legal requirement that they do so.

Flock also records footage of cyclists and pedestrians moving past its cameras. Users can search in those broad categories by time, scrolling through a list of every person who walked or biked by, but the more advanced search criteria only work for cars. The interface also has a “dog” category, which largely consists of clips of people walking their dogs.

The street has been crime-free so far, but Shontell said his neighbors — many of whom have private cameras or Ring systems for their own homes — feel safer with a belt-and-suspenders approach to neighborhood security.

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“We can tell who’s coming and going 24/7. Some people might have an issue with that,” Shontell said. “I tend to think personally that what you might give up in terms of privacy is overshadowed by what you gain: possibly having some real evidence to give the police.”

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Artificial Intelligence Is A Growing Part Of The Criminal Justice System. Should We Be Worried?

Artificial intelligence shows up in courtrooms too, in the form of “risk assessments”—algorithms predict whether someone is at high “risk” of not …
profile of a face mapped out with blue lines between various features to form a map over the face, against a black background
Credit: Shutterstock

Facial recognition technology is all around us—it’s at concerts, airports, and apartment buildings. But its use by law enforcement agencies and courtrooms raises particular concerns about privacy, fairness, and bias, according to Jennifer Lynch, the Surveillance Litigation Director at the Electronic Frontier Foundation. Some studies have shown that some of the major facial recognition systems are inaccurate. Amazon’s software misidentified 28 members of Congress and matched them with criminal mugshots. These inaccuracies tend to be far worsefor people of color and women.

Meanwhile, companies like Amazon, Microsoft, and IBM also develop and sell “emotion recognition” algorithms, which claim to identify a person’s emotions based on their facial expressions and movements. But experts on facial expression, like Lisa Feldman Barrett, a professor of psychology at Northeastern University, warn it’s extremely unlikely these algorithms could detect emotions based on facial expressions and movements alone.

Artificial intelligence shows up in courtrooms too, in the form of “risk assessments”—algorithms predict whether someone is at high “risk” of not showing up for court or getting re-arrested. Studies have found that these algorithms are often inaccurate and based on flawed data.

And though we tend to see machines and algorithms as “race neutral,” Ruha Benjamin, a professor of African-American Studies at Princeton University, says they are programmed by humans and can end up reinforcing bias rather than removing it from policing and criminal justice. At the same time, Sharad Goel, a professor of Management Science and Engineering at Stanford University, is developing a risk assessment tool that accounts for different sources of bias. He thinks there is a way to use AI as a tool for more equal outcomes in criminal justice.

These guests join Ira to talk about how AI is guiding the decisions of police departments and courtrooms across the country—and whether we should be concerned.


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