Seizert Capital Partners LLC Buys 1,808 Shares of Alarm.com Holdings, Inc. $ALRM

Seizert Capital Partners LLC boosted its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,425 shares of the software maker’s stock after purchasing an additional 1,808 shares during the period. Seizert Capital Partners LLC’s holdings in Alarm.com were worth $4,606,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in shares of Alarm.com in the first quarter worth approximately $21,584,000. Public Sector Pension Investment Board boosted its holdings in shares of Alarm.com by 152.1% during the first quarter. Public Sector Pension Investment Board now owns 310,588 shares of the software maker’s stock worth $17,284,000 after purchasing an additional 187,398 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Alarm.com by 26.3% during the first quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker’s stock worth $49,103,000 after purchasing an additional 183,503 shares during the period. Select Equity Group L.P. grew its stake in shares of Alarm.com by 587.4% in the first quarter. Select Equity Group L.P. now owns 200,434 shares of the software maker’s stock worth $11,154,000 after purchasing an additional 171,274 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Alarm.com by 539.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 189,153 shares of the software maker’s stock valued at $10,526,000 after purchasing an additional 159,574 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALRM. Zacks Research upgraded Alarm.com from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Barclays cut their price target on shares of Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Alarm.com in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.67.

Insider Transactions at Alarm.com

In related news, insider Daniel Kerzner sold 20,004 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $50.29, for a total transaction of $1,006,001.16. Following the sale, the insider owned 52,000 shares of the company’s stock, valued at $2,615,080. The trade was a 27.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by company insiders.

Alarm.com Trading Up 1.3%

NASDAQ ALRM opened at $48.85 on Wednesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 20.70, a P/E/G ratio of 1.84 and a beta of 1.06. The stock’s 50 day moving average is $51.57 and its 200 day moving average is $54.94. Alarm.com Holdings, Inc. has a twelve month low of $46.65 and a twelve month high of $70.06. The company has a quick ratio of 1.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.59.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, November 6th. The software maker reported $0.76 EPS for the quarter, beating the consensus estimate of $0.62 by $0.14. Alarm.com had a return on equity of 14.26% and a net margin of 12.92%.The business had revenue of $256.40 million during the quarter, compared to analyst estimates of $251.14 million. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.530-2.530 EPS. Research analysts forecast that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Alarm.com 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.