Roper Techno Stock Price, News & Analysis

Roper Technologies, Inc. (NYSE: ROP) will present at an investor conference hosted by RBC Capital Markets on September 15, 2020, at 8:00 AM ET. Investors can access the presentation through the company’s website, www.ropertech.com, or via a direct link to the event.

Roper Technologies is noted for its diverse portfolio, including software development and engineered products for niche markets. The company is part of the S&P 500, Fortune 1000, and Russell 1000 indices.

Roper Technologies, Inc. (NYSE: ROP) has successfully completed the acquisition of Vertafore, a leading provider of SaaS solutions for the property and casualty insurance sector. The acquisition was funded through a combination of cash, revolving credit, and new debt, enhancing Roper's portfolio within the insurance technology space. Vertafore serves over 20,000 agencies and more than 1,000 carriers, streamlining workflows and improving efficiency for professionals across North America.

Roper Technologies (NYSE: ROP) has priced a public offering of senior notes totaling $2.7 billion, composed of:

• $300 million of 0.45% Senior Notes due 2022
• $700 million of 1.00% Senior Notes due 2025
• $700 million of 1.40% Senior Notes due 2027
• $1 billion of 1.75% Senior Notes due 2031

Net proceeds will primarily fund the Vertafore acquisition and cover associated fees. The offering is expected to close on September 1, 2020, and the notes will be senior unsecured obligations of the company.

Roper Technologies (NYSE: ROP) announced an all-cash acquisition of Vertafore valued at approximately $5.35 billion. Vertafore, a provider of cloud-based software for the P&C insurance sector, is expected to generate $590 million in revenue and $290 million in EBITDA for 2021. Roper plans to finance the acquisition using cash, a revolving credit facility, and new debt while maintaining solid investment-grade ratings. The acquisition is anticipated to be immediately cash accretive and is scheduled to close in Q3 2020, pending regulatory approval.

Roper Technologies reported Q2 2020 GAAP revenue of $1.30 billion, a 2% decline, while adjusted revenue also decreased by 2%. Organic revenue fell by 3%. Despite the drop in revenue, GAAP gross margin improved to 64.7%, up 80 basis points. The company achieved GAAP diluted earnings per share of $2.08 and adjusted EPS of $2.94. Operating cash flow surged 49% to $449 million. Roper updated its 2020 adjusted EPS guidance to $11.90 - $12.40, down from previous expectations. The company remains confident in its cash flow generation and acquisition strategies amidst ongoing challenges.

Roper Technologies (NYSE: ROP) announced its second quarter financial results will be released on July 28, 2020, before the market opens. A conference call is scheduled for 8:00 AM ET on the same day to discuss the results. Investors can access the call via webcast or phone. Roper is a constituent of the S&P 500 and produces software and engineered products for niche markets. More information will be available on Roper's website prior to the conference call.

Roper Technologies, Inc. (NYSE: ROP) declared a quarterly dividend of $0.5125 per share, scheduled for payment on July 22, 2020, to stockholders of record by July 8, 2020. The company continues its track record of returning value to shareholders, reflecting confidence in its financial health and growth prospects. Roper is a key player in the S&P 500 and operates within niche markets, focusing on software and engineered solutions. For further information, visit www.ropertech.com.

Roper Technologies (NYSE: ROP) has priced a public offering of $600 million in 2.000% Senior Notes due 2030, set to close on June 22, 2020. These notes will yield 2.000% annually, with interest payable semi-annually starting December 30, 2020. The funds raised will be allocated towards general corporate purposes, including acquisitions. The offering is facilitated by several financial institutions, adhering to an effective shelf registration statement.