Roper Techno Stock Price, News & Analysis

Roper Technologies will present at the Raymond James Technology Investors Conference on December 7, 2022, at 9:10 AM ET, in New York City. A link to the webcast will be available on the Company’s website at www.ropertech.com. Roper Technologies, a member of both the S&P 500 and Fortune 500, is known for its strong cash flow and shareholder value. The Company focuses on developing market-leading software and technology products across various niche markets. For more details, visit www.ropertech.com.

Roper Technologies (NYSE: ROP) announced that Jason Conley will succeed Rob Crisci as Executive Vice President and Chief Financial Officer, effective February 1, 2023. Conley, who has been with Roper since 2006, has played a key role in the company’s growth and capital deployment strategies. Under Crisci’s leadership, Roper's revenue more than doubled and its market capitalization increased four-fold. Crisci will remain with the company as a strategic advisor after the transition.

Roper Technologies (NYSE: ROP) announced a quarterly cash dividend of $0.6825 per share, marking a 10% increase from 2022. This dividend, payable on January 23, 2023, to shareholders of record by January 9, 2023, reflects Roper's commitment to returning value to its investors, being the thirtieth consecutive year of dividend increases. The company is noted for its strong track record of compounding cash flow and shareholder value through strategic acquisitions.

The DAT Truckload Volume Index (TVI) decreased across all three equipment types in September, signaling a sluggish shipping season ahead of the holidays. The van TVI fell 13.7% to 228, while refrigerated and flatbed indices dropped 9.7% and 10.5% respectively. National average spot rates for van, reefer, and flatbed freight decreased to $2.45, $2.84, and $3.64 per mile. The average contract van rate also fell for the fourth consecutive month to $3.09 per mile. Demand increased briefly ahead of Hurricane Ian, but overall, the market shows a tempered outlook for the upcoming season.

Roper Technologies (ROP) announced robust Q3 2022 results, with total revenues reaching $1.35 billion, a 10% increase year over year. GAAP diluted earnings per share (DEPS) rose by 31% to $2.59. Adjusted DEPS also grew by 18% to $3.67, while adjusted EBITDA saw a 12% increase to $555 million. The company is raising its full-year adjusted DEPS guidance to $14.09 - $14.13, driven by strong organic growth across all segments and the recent acquisition of Frontline Education. The results reflect a positive outlook for Roper’s enhanced portfolio moving forward.

Legal & General America (LGA) has partnered with iPipeline to enhance its life insurance services. This collaboration will leverage iPipeline's data solutions to strengthen LGA's underwriting, pricing, and distribution capabilities. LGA aims to use iPipeline's InsureSight for real-time market benchmarking, allowing for improved decision-making and efficiency throughout the insurance process. With this initiative, LGA, a leading U.S. term life insurer, seeks to offer better services to clients and protect more families.

Aderant has launched Milana, a new cloud docketing solution combining features from CompuLaw and American LegalNet (ALN). Developed over 10 months, Milana aims to enhance litigation docketing efficiency and innovation. It incorporates market-leading court rules and offers advanced features like integration with document management systems and self-service tools. Aderant, acquired ALN in January 2022 and has experienced significant growth, emphasizing the shift to cloud solutions among law firms. Milana will be showcased at the National Docketing Association Annual Conference from October 16-18, 2022.

Thoma Bravo has finalized the sale of Frontline Education to Roper Technologies (NYSE: ROP) for $3.725 billion. Frontline specializes in administration software for K-12 education, focusing on human capital management and enhancing productivity through analytics. CEO Mark Gruzin expressed gratitude towards Thoma Bravo for their support, highlighting their mission to empower K-12 schools. Thoma Bravo, managing over $122 billion in assets, has a strong history of driving growth within its portfolio companies.

Roper Technologies, Inc. (NYSE: ROP) will release its third-quarter financial results on October 26, 2022, before the market opens. A conference call is scheduled for 8:00 AM ET the same day to discuss these results, accessible via webcast or telephone. The company, part of S&P 500 and Fortune 500, is known for its strong track record in generating cash flow and shareholder value, focusing on vertical software and technology products across niche markets. Further details will be available on their website ahead of the call.