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Roper Technologies, Inc. - ROP STOCK NEWS

Welcome to our dedicated page for Roper Technologies news (Ticker: ROP), a resource for investors and traders seeking the latest updates and insights on Roper Technologies stock.

Roper Technologies, Inc. (symbol: ROP) is a notable constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. This diversified technology company is renowned for designing and developing software solutions including Software-as-a-Service (SaaS) and licensed software, alongside engineered products and solutions. Roper caters to a wide array of markets such as healthcare, transportation, food, energy, water, education, and academic research, delivering impactful and innovative technological advancements globally.

The company operates through three main segments: Application Software, Network Software, and Technology Enabled Products. Roper follows a strategic approach of acquiring asset-light, cash-generative businesses and using excess cash for further acquisitions, ensuring continued growth and expansion.

A unique aspect of Roper's operational model is its highly decentralized structure. Portfolio company management teams are granted autonomy and accountability for key operational decisions, while a small, centralized team focuses on capital deployment, executive coaching, and reviewing strategic goals.

One of the company's noteworthy recent achievements is the acquisition of Procare Solutions, a leading provider of integrated child care center management software and payments processing. This acquisition, valued at $1.86 billion, underlines Roper's commitment to enhancing its software offerings and expanding into new markets. Procare Solutions supports over 37,000 child care centers in the US, providing a comprehensive product suite that meets the complex demands of its clientele.

Strategic collaborations and investments play a vital role in Roper's growth trajectory. The acquisition of Procare from Warburg Pincus, a prominent global growth investor, is expected to further amplify Roper's market position and drive innovation in child care management technology. This transaction is anticipated to close in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.

Roper Technologies continues to strengthen its financial condition and expand its portfolio through carefully selected partnerships and acquisitions. For more details and the latest updates on Roper Technologies, visit their official website at www.ropertech.com.

News

Roper Technologies announces dividend

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Roper Technologies, Inc. (ROP) declares a dividend of $0.75 per share, set to be paid on April 22, 2024, to shareholders of record on April 5, 2024.
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Aderant Now Has 170 Expert Sierra Clients

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Aderant, a global legal business management solutions provider, announces 170 Expert Sierra clients, a cloud-based solution for law firms, emphasizing efficiency and security. Clients benefit from reduced infrastructure burdens, top-rated security through Amazon Web Service, full data control, and continuous technology updates. Aderant aims to ease the transition for law firms to cloud-based solutions, highlighting the innovative nature of Expert Sierra.
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Roper Technologies to present at Morgan Stanley technology conference

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Roper Technologies, Inc. (ROP) will be presenting at the Morgan Stanley Technology, Media & Telecom Conference on March 5, 2024. The presentation will take place at 9:30 AM (Pacific Time) at the Palace Hotel in San Francisco, CA. Investors can access the webcast link on the company's website.
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Tech Industry Veteran Lisa Erickson Joins Aderant to Catalyze Innovative AI and Cloud Development

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Aderant, a global legal business management software provider, appoints Lisa Erickson as Vice President of Product AI & Cloud Transformation. With 25 years of technology experience, Erickson will drive the company's AI and cloud development initiatives. She joins Aderant from Veritas Technologies and will focus on further developing MADDI, the company's AI-powered virtual associate, and delivering innovative cloud-based solutions to address client needs.
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Verosint Empowers DAT Freight & Analytics To Crush Account Fraud With AI

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Verosint, a leader in real-time account fraud prevention, has been selected by DAT Freight & Analytics to combat account fraud within their online freight marketplace. The rapid implementation of Verosint's AI-powered solution resulted in an immediate and drastic reduction in fraud, marking a significant step toward preventing fraud in an industry responsible for the movement of over $38 trillion worth of freight annually.
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Roper Technologies announces 2023 financial results

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Roper Technologies, Inc. (Nasdaq: ROP) reported strong financial results for Q4 and full year 2023, with revenue increasing by 13% to $1.61 billion in Q4 and 15% to $6.18 billion for the full year. Adjusted DEPS increased by 11% in Q4 and 17% for the full year. The company expects adjusted DEPS of $17.85 - $18.15 for 2024, with a first quarter range of $4.30 - $4.34. Roper's 2024 guidance includes a total revenue growth of +11 – 12% and organic revenue growth of +5 – 6%. The company also announced the acquisition of Procare Solutions, a leading software provider for the childcare market.
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Aderant Launches New Matter Reconciliation Module for BillBlast

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Aderant, a leading global provider of legal business management solutions, has launched the Matter Reconciliation module for BillBlast, a billing application. The new module automates matter-related data processing and reconciliation of law firm matter records with client vendor data, reducing billing errors and increasing efficiency. The platform addresses challenges such as delays in bill delivery, realization rates, administrative resources, and risks related to missing or incorrect conflict checks. Aderant will showcase the new module at ALM's Legalweek NY conference.
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Warburg Pincus and TA Associates Enter into an Agreement to Sell Procare Solutions to Roper Technologies

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Warburg Pincus sells Procare Solutions to Roper Technologies for $1.86 billion, reflecting Procare's leading position in child care management. Procare offers integrated child care center management software and payments processing, serving over 37,000 child care centers in the US. The transaction is expected to close in the first quarter of 2024.
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Roper Technologies to acquire Procare Solutions

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Roper Technologies, Inc. has announced the acquisition of Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit. Procare is a leading provider of cloud-based software for the management of early childhood education centers, with more than 37,000 childcare organizations utilizing its tools. The acquisition is expected to be accretive to Roper's 2024 free cash flow and 2025 adjusted DEPS, with Procare projected to deliver long-term mid-teens organic revenue growth. The transaction is anticipated to close later this quarter, subject to regulatory approval and customary closing conditions.
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Aderant Receives SOC 2 Examination Reports for vi by Aderant and Expert Sierra Platforms

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Aderant, a leading business management software provider for law firms, has successfully completed a SOC 2 Type II examination, earning the company the SOC 2 Type II Report with no exceptions noted for its vi by Aderant and Expert Sierra Saas platforms. The examination confirms Aderant's commitment to security, availability, and confidentiality, and its ongoing efforts to implement the latest advancements in data protection and security controls for its clients. The examination evaluated key areas including security, availability, and confidentiality, and was conducted by leading compliance assessor Schellman & Company, LLC. The SOC 2 Type II examination is tailored for businesses of all sizes, irrespective of industry and scale, and serves as confirmation that a company's infrastructure, software, personnel, data, policies, procedures, and operations have undergone comprehensive examinations and reviews.
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FAQ

What is the current stock price of Roper Technologies (ROP)?

The current stock price of Roper Technologies (ROP) is $525.4 as of December 20, 2024.

What is the market cap of Roper Technologies (ROP)?

The market cap of Roper Technologies (ROP) is approximately 56.0B.

What does Roper Technologies, Inc. specialize in?

Roper Technologies specializes in designing and developing software (SaaS and licensed) and engineered products for various markets including healthcare, transportation, and education.

What are the core business segments of Roper Technologies?

The core business segments of Roper Technologies are Application Software, Network Software, and Technology Enabled Products.

How does Roper Technologies approach business acquisitions?

Roper Technologies acquires asset-light, cash-generative businesses and deploys excess cash to acquire further portfolio companies, supporting growth and expansion.

What is unique about Roper Technologies' operational model?

Roper operates a highly decentralized model where portfolio company management teams have autonomy and accountability for key decisions, supported by a small, centralized team.

Can you provide details about Roper's recent acquisition?

Roper recently acquired Procare Solutions, a leading child care center management software provider, for $1.86 billion. This acquisition is set to close in Q1 2024.

Who are the strategic partners involved in the Procare acquisition?

Warburg Pincus, a global growth investor, and TA Associates, a private equity firm, were involved in the Procare acquisition by Roper Technologies.

Where can I find more information about Roper Technologies?

More information about Roper Technologies can be found on their official website at www.ropertech.com.

What markets does Roper Technologies serve?

Roper Technologies serves markets including healthcare, transportation, food, energy, water, education, and academic research.

How does Roper Technologies manage its portfolio companies?

Roper allows its portfolio company management teams to have operational autonomy while a centralized team oversees capital deployment and strategic goals.

What is the significance of Roper being part of major indices?

Being part of the S&P 500, Fortune 1000, and Russell 1000 indices highlights Roper Technologies' financial strength and market prominence.

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Roper Technologies, Inc.

Nasdaq:ROP

ROP Rankings

#238 Ranked by Market Cap
#1968 Ranked by Dividends

ROP Stock Data

55.98B
106.81M
0.4%
97.26%
1.03%
Software - Application
Industrial Instruments for Measurement, Display, and Control
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United States of America
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