Why Roper Stock Rocketed Higher Today
Shares of Roper Technologies (NASDAQ: ROP) were up by 7% as of 12:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Roper Technologies is a portfolio of 28 businesses offering software, services, and technology solutions to defensible niche verticals. This morning, the company reported earnings and guidance that blew past analysts' expectations, signaling that its acquisitive growth strategy continues to pay off.
Roper is a decentralized technology enterprise that holds 28 separate business segments under one umbrella but lets each unit operate independently. Under this unique operating model, the company uses mergers and acquisitions (M&A) to grow and has a strong track record of doing so, beating the S&P 500's total returns roughly sixfold since 2000.
Source Fool.com
