Roper Technologies' Application Software Segment Drives Growth with Solid Momentum across Aderant, Deltek, Vertafore and PowerPlan Businesses

Roper Technologies' Application Software segment continues to drive growth, with revenues up 17% YoY in Q2 2025 and organic revenues up 6%. The segment contributed 56.3% of total revenues and is expected to grow in the mid-single digits in H2 2025. Strong performance across Aderant, Deltek, Vertafore, PowerPlan, TransAct, and CBORD businesses is driving growth. Roper carries a Zacks Rank #2 (Buy) and a forward P/E ratio of 23.38X.

Canoe Financial LP, a prominent investment fund, has significantly bolstered its position in Roper Technologies (NASDAQ: ROP) by acquiring an additional 230,880 shares during the third quarter of 2025. The transaction, valued at approximately $123.15 million, represents a strategic move by the fund to capitalize on the company's robust performance and growth prospects.

The purchase, disclosed in an October 15, 2025, filing with the Securities and Exchange Commission, indicates Canoe Financial's growing confidence in Roper Technologies' potential, according to a Globe and Mail report. The fund's total stake in Roper Technologies now stands at 238,584 shares, valued at $118.98 million as of September 30, 2025. This position constitutes 1.7% of the fund's $7 billion in assets under management (AUM), although it remains outside the top five holdings, as reported by the Globe and Mail.

Roper Technologies' Application Software segment has been a significant driver of the company's growth. In the second quarter of 2025, this segment reported revenues up by 17% year-over-year (YoY) and organic revenues up by 6%. The segment contributed 56.3% of total revenues and is expected to grow in the mid-single digits in the second half of 2025. The strong performance across businesses such as Aderant, Deltek, Vertafore, PowerPlan, TransAct, and CBORD is fueling this growth. The company carries a Zacks Rank #2 (Buy) and a forward price-to-earnings (P/E) ratio of 23.38X, reflecting its attractive valuation and growth prospects.

The acquisition aligns with Canoe Financial's investment strategy, which focuses on companies with strong fundamentals and growth potential. Roper Technologies' track record of successful acquisitions, consistent sales and free cash flow growth, and a history of doubling the total returns of the S&P 500 over the last two decades make it an appealing investment, as noted by the Globe and Mail.

Canoe Financial's increased stake in Roper Technologies underscores the fund's belief in the company's long-term prospects. As investors, it is crucial to monitor the performance of such investments and consider the broader market conditions that may impact the company's stock price.