Roper Techno Stock Price, News & Analysis

Aderant, a subsidiary of Roper Technologies (NYSE: ROP), has acquired American LegalNet (ALN), enhancing its position in the legal tech sector. Founded in 1996, ALN offers comprehensive litigation workflow solutions, including cloud-based services that improve eFiling and docketing. This acquisition will integrate ALN's technology with Aderant's leading calendaring solution, CompuLaw, aiming to deliver a superior cloud-based system for legal firms. Aderant's strategy reinforces its commitment to advancing legal industry standards through innovative solutions.

Aderant, a leader in business software for law firms, announced its acquisition of American LegalNet (ALN), enhancing offerings in legal technology. The merger allows both companies to provide clients with advanced solutions for court forms, eFiling, and docketing. This strategic acquisition aims to integrate ALN's cloud technology with Aderant's CompuLaw, strengthening Aderant's market position. Founded in 1996, ALN offers innovative litigation workflow solutions, furthering Aderant's commitment to redefining legal industry standards.

Aderant announces the appointment of Chris Cartrett as the new CEO, effective immediately. Cartrett, previously President and a legal technology veteran, aims to advance the company's cloud-first strategy and integrate solutions to enhance operational efficiency in law firms. His leadership comes after the transition from former CEO Deane Price, focusing on addressing the evolving challenges in legal tech and increasing accountability among clients. Aderant continues to provide comprehensive business management software for law firms globally.

Aderant has announced a strategic partnership with LawPay to enhance payment solutions for law firms. Set to launch in 2022, the integration of Aderant's Expert and Expert Sierra software with LawPay's platform aims to automate online payment processes. LawPay, utilized by over 50,000 law firms, enables quicker payments, with firms receiving payments 39% faster on average. The collaboration promises to streamline billing, allowing clients to pay invoices effortlessly via secure links, enhancing both operational efficiency for firms and convenience for clients.

Aderant has opened registration for its Momentum 2022 conference, scheduled for May 16-19 in Austin, Texas, encompassing both in-person and virtual attendance. The event will feature over 100 educational sessions on various topics crucial to legal business software, including time management and cloud migration. In-person attendees will have exclusive access to keynote addresses and hands-on classes. Aderant prioritizes COVID-19 safety with vaccination or negative test requirements. Additionally, an in-person event for EMEA clients is planned for June 2022 in London.

Roper Technologies, Inc. (NYSE: ROP) has declared a quarterly cash dividend of $0.62 per share, reflecting a 10% increase from 2021, payable on January 24, 2022 to stockholders of record by January 10, 2022. This marks the twenty-ninth consecutive year of dividend increases for Roper. The annual increase totals $0.23 per share, representing a quarterly rise of $0.0575.

Blue Wolf Capital Partners has announced an agreement to acquire CIVCO Radiotherapy from Roper Technologies (NYSE: ROP). CIVCO, a leader in radiotherapy positioning equipment, has a nearly 40-year history and operates in over 90 countries. The acquisition aims to enhance production capabilities and distribution efficiency, with a focus on improving patient outcomes. The transaction is expected to close by year-end, though financial terms were not disclosed. Both companies expressed optimism for growth and innovation in radiotherapy solutions.

Roper Technologies reported strong Q3 results for 2021, with GAAP diluted earnings per share at $2.71 and adjusted earnings per share at $3.91. Total revenue increased 22% to $1.46 billion, supported by a 12% organic growth. EBITDA reached $602 million, and operating cash flow was $447 million. The company is undergoing strategic divestitures, including TransCore, Zetec, and CIVCO Radiotherapy, to enhance its portfolio. Guidance for adjusted DEPS from continuing operations for FY 2021 is set at $14.08 - $14.12, down from previous projections due to divestitures. A conference call is scheduled for today.