11,254 Shares in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,254 shares of the software maker’s stock, valued at approximately $727,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Alarm.com by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,824,656 shares of the software maker’s stock valued at $356,119,000 after purchasing an additional 62,262 shares during the period. William Blair Investment Management LLC lifted its position in Alarm.com by 0.3% during the 3rd quarter. William Blair Investment Management LLC now owns 2,535,196 shares of the software maker’s stock valued at $155,002,000 after purchasing an additional 7,478 shares during the period. Northern Trust Corp lifted its position in Alarm.com by 1.5% during the 3rd quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock valued at $43,182,000 after purchasing an additional 10,245 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Alarm.com by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock valued at $28,720,000 after purchasing an additional 27,243 shares during the period. Finally, FMR LLC lifted its position in Alarm.com by 18,200.6% during the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock valued at $19,100,000 after purchasing an additional 310,684 shares during the period. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Stock Performance

Shares of ALRM stock opened at $65.23 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.91 and a current ratio of 5.46. The company has a market capitalization of $3.26 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 3.75 and a beta of 0.94. The company’s 50 day moving average price is $71.11 and its two-hundred day moving average price is $63.37. Alarm.com Holdings, Inc. has a 52 week low of $44.92 and a 52 week high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. On average, analysts expect that Alarm.com Holdings, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the sale, the chief executive officer now directly owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Stephen Trundle sold 50,000 shares of Alarm.com stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the sale, the chief executive officer now directly owns 1,289,343 shares in the company, valued at $95,153,513.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 9,583 shares of Alarm.com stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $73.89, for a total transaction of $708,087.87. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at $2,770,875. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock worth $8,116,333 over the last ninety days. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ALRM has been the topic of several recent analyst reports. StockNews.com raised shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Roth Mkm lifted their price objective on shares of Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. TheStreet raised shares of Alarm.com from a “c+” rating to a “b-” rating in a research note on Friday, February 23rd. Finally, Barclays lifted their price objective on shares of Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $68.83.

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.