State of New Jersey Common Pension Fund D reduced its holdings in shares of RealPage Inc (NASDAQ:RP) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,000 shares of the software maker’s stock after selling 20,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.26% of RealPage worth $15,816,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RP. Eqis Capital Management Inc. lifted its holdings in RealPage by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after purchasing an additional 875 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of RealPage by 11.1% in the second quarter. Xact Kapitalforvaltning AB now owns 9,009 shares of the software maker’s stock worth $496,000 after acquiring an additional 900 shares during the last quarter. First Manhattan Co. raised its stake in shares of RealPage by 78.9% in the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after acquiring an additional 1,500 shares during the last quarter. Sei Investments Co. raised its stake in shares of RealPage by 0.9% in the second quarter. Sei Investments Co. now owns 195,877 shares of the software maker’s stock worth $10,794,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of RealPage by 3.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 71,565 shares of the software maker’s stock worth $3,943,000 after acquiring an additional 2,055 shares during the last quarter. Institutional investors and hedge funds own 81.12% of the company’s stock.

Shares of NASDAQ RP opened at $55.72 on Friday. RealPage Inc has a 1-year low of $41.10 and a 1-year high of $66.25. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 154.78 and a beta of 1.12. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities research analysts anticipate that RealPage Inc will post 1.03 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 target price (down from $84.00) on shares of RealPage in a research note on Friday, September 14th. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Royal Bank of Canada boosted their target price on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.63.

In related news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $58.17, for a total transaction of $465,360.00. Following the completion of the sale, the chief financial officer now directly owns 176,341 shares of the company’s stock, valued at $10,257,755.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Stephen T. Winn sold 494,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $61.05, for a total transaction of $30,217,796.40. Following the sale, the chairman now directly owns 1,336,783 shares of the company’s stock, valued at $81,610,602.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,485,412 shares of company stock valued at $153,814,920. 24.91% of the stock is currently owned by insiders.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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