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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

DAT Announces Industry’s First AI-powered Identity-Verification Solution to Combat Fraud

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DAT Freight & Analytics partners with Verosint to introduce an AI-powered identity fraud detection and prevention platform, enhancing security in the trucking and logistics industry.
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DAT Truckload Volume Index: Freight volumes bounced back in August

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Truckload freight volumes increased in August as shippers positioned freight ahead of the fourth quarter, according to DAT Freight & Analytics. Van TVI increased by 8% from July, Reefer TVI increased by 4% from July, and Flatbed TVI increased by 9% from July. Load-to-truck ratios for van and reefer rose in August. Spot line-haul rates strengthened, with the van rate at $2.09 per mile and the reefer rate at $2.51 per mile. Line-haul rates declined compared to July. Contract rates have not increased since May 2022. The pricing difference between spot and contract rates is expected to narrow further, with contract rates falling and spot rates increasing in the next 12 months.
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Analytics, AI and fighting fraud at DATCON23

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Registration is open for DAT’s user conference on Oct. 10-12 in Houston. DATCON23 will focus on freight market analytics and reducing fraudulent activity. New technologies and tools will be introduced to optimize the use of DAT One and DAT iQ platforms.
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Roper Technologies to present at Goldman Sachs technology conference

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Roper Technologies to present at Goldman Sachs conference
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75% of truck drivers say their job is mentally and physically stressful

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Truck drivers face physical and emotional stress, according to a survey by DAT Freight & Analytics. 75% find the job stressful. Challenges include limited time with family (54% spend less than 24 hours at home), long workweeks (33% drive over 49 hours), and nutrition issues (63% cook in their truck and 37% eat fast food). Lack of sleep is also a problem (63% sleep 6 hours or less). Access to mental health services could help manage stress. DAT is offering free subscriptions and gift cards to truckers during National Truck Driver Appreciation Week.
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DAT Truckload Volume Index: July freight volumes and rates chilled by seasonality

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Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated (“reefer”) loads retreated from their gains in June.
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Thoma Bravo and Madison Dearborn Partners Sell Syntellis Performance Solutions to Roper Technologies

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Roper Technologies, Inc. (Nasdaq: ROP) has completed the acquisition of Syntellis Performance Solutions for $1.4 billion in an all-cash transaction. Syntellis, a leading provider of enterprise performance management (EPM) software, data, and intelligence solutions, will be combined with Roper's Strata Decision Technology business.
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Roper Technologies has acquired Syntellis Performance Solutions

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Roper Technologies, Inc. (Nasdaq: ROP) has completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, combining it with Roper’s Strata Decision Technology business. The acquisition is valued at approximately 15 times Syntellis’ expected 2024 EBITDA. Syntellis is a leading provider of cloud-based performance management and data solutions for healthcare, financial institutions, and higher education. The combined business is expected to contribute approximately $185 million of revenue and $85 million of EBITDA in 2024, including planned cost synergies.
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Roper Technologies Chief Executive Officer Neil Hunn Joins Deere Board of Directors

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Deere & Company announces the election of Neil Hunn, President and CEO of Roper Technologies, to its board of directors. Hunn's expertise in software and technology will contribute to Deere's Smart Industrial operating model.
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Roper Technologies announces second quarter financial results

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Roper Technologies, Inc. (Nasdaq: ROP) reported financial results for Q2 2023. Revenue increased 17% to $1.53 billion, with organic revenue up 9%. GAAP DEPS increased 59% to $3.36, and adjusted DEPS rose 20% to $4.12. Adjusted EBITDA increased 20% to $617 million. Operating cash flow was $320 million, a 20% increase.
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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
#1967 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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