Summary: ON SALE
Score: 16/20
MOS: 57%
Share Price: $441
Sticker Price: $1,047
Is Roper Technologies a good buy?
Roper Technologies, Inc. designs and develops software, and engineered products and solutions worldwide. It offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software. Overall, Roper is a diversified software company.
As of 8/10/2020, Roper announced they are looking to buy Vertafore for $5.5B. Vertafore is a software company that helps streamline Insurance agency operations.
Roper has grown it’s business with the strategy of buying well established private software businesses and Vertafore is a perfect fit.
For those of you who don’t already know, the insurance industry is ripe for disruption. There are still a lot of manual steps that should be automated, making insurance agencies and insurance agents operate more efficiently.
Although the share price of $441 may be perceived high, the sticker price of $1,047 is what you need to pay attention to most.
Since Vertafore is a private company, finding revenue information is difficult. After some extensive digging I found that revenues are over $200M. Those are excellent revenues. This acquisition may drive that sticker price higher.
—
The Summary, Score, and MOS of this stock may have changed since the posting of this review. Please login to Tykr to see up-to-date information.