Roper Technologies, Inc.’s ( ROP Quick Quote ROP - Free Report) business unit, Aderant, recently announced that it has acquired American LegalNet. The financial terms of the transaction were kept under wraps. Roper’s shares declined 0.8% yesterday to eventually close the trading session at $466.53. Established in 1996, American LegalNet is a leading provider of legal software solutions like Docket Direct, eDockets, Forms WorkFlow, Docket Alerts, Smart Dockets and eFiling Portal. Headquartered in Los Angeles, the company has a solid employee base throughout the United States as well as in Hyderabad, India. Acquisition Rationale
The inclusion of American LegalNet’s expertise in cloud technology, along with its advanced workflow solutions, is expected to enable Aderant to provide comprehensive software solutions to its customers in the legal industry. As noted, Aderant will work on combining the premium features of its CompuLaw solution and American LegalNet’s eDockets solution for developing a cloud calendaring and docketing solution for customers.
American LegalNet will be integrated into Roper's Application Software segment. The segment is engaged in offering application management software, commerce platforms, integrated security solutions and housing management systems to customers across several industries. It contributed 41.2% to total revenues in the third quarter of 2021. Zacks Rank, Price Performance and Estimate Revisions
Roper, with approximately $49.2-billion market capitalization, currently carries a Zacks Rank #3 (Hold). The company is poised to gain from strength across its businesses, acquired assets and strong operational execution in the quarters ahead. Its ability to generate healthy cash flows adds to its strength. However, escalating costs and expenses, and a high debt level are concerning.
In the past 60 days, the Zacks Consensus Estimate for the company’s earnings have been stable at $3.66 for fourth-quarter 2021. Image Source: Zacks Investment Research
In the past three months, its shares have gained 2.9% compared with the
industry’s growth of 10%. Key Picks
Some better-ranked companies from the same space are discussed below.
Helios Technologies, Inc. ( HLIO Quick Quote HLIO - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see . Its earnings surprise in the last four quarters was 37.54%, on average. the complete list of today’s Zacks #1 Rank stocks here In the past 60 days, Helios’ earnings estimates have increased 9.6% for 2022. Its shares have gained 12.5% in the past three months. EnPro Industries, Inc. ( NPO Quick Quote NPO - Free Report) presently carries a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 54.81%, on average. In the past 60 days, EnPro’s earnings estimates have increased 12.8% for 2022. Its shares have gained 24.1% in the past three months. Kadant Inc. ( KAI Quick Quote KAI - Free Report) presently carries a Zacks Rank #2. Its earnings surprise in the last four quarters was 19.21%, on average. Kadant’s earnings estimates have increased 1% for 2022 in the past 60 days. Its shares have gained8.9% in the past three months.