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With a market cap of $62.2 billion, Roper Technologies, Inc. (ROP) is a diversified technology company that provides vertical software and technology-enabled products worldwide. It operates through three segments: Application Software; Network Software; and Technology Enabled Products.
Shares of the Sarasota, Florida-based company have underperformed the broader market over the past 52 weeks. ROP stock has risen 5.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.9%. However, shares of Roper Technologies are up 11.2% on a YTD basis, outpacing SPX's 1% gain.