State of New Jersey Common Pension Fund D Has $15.82 Million Position in RealPage Inc (RP)

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State of New Jersey Common Pension Fund D lowered its position in shares of RealPage Inc (NASDAQ:RP) by 7.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 240,000 shares of the software maker’s stock after selling 20,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in RealPage were worth $15,816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of RealPage by 98.0% in the second quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock valued at $214,953,000 after buying an additional 1,930,973 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of RealPage by 17.5% in the second quarter. King Luther Capital Management Corp now owns 1,100,993 shares of the software maker’s stock valued at $60,665,000 after buying an additional 163,890 shares during the period. Fred Alger Management Inc. boosted its holdings in shares of RealPage by 316.2% in the second quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock valued at $55,475,000 after buying an additional 764,890 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of RealPage by 67.7% in the second quarter. OppenheimerFunds Inc. now owns 948,207 shares of the software maker’s stock valued at $52,247,000 after buying an additional 382,846 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of RealPage by 10,937.8% in the second quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after buying an additional 797,364 shares during the period. Hedge funds and other institutional investors own 81.12% of the company’s stock.

Shares of RP stock opened at $55.72 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $5.40 billion, a PE ratio of 154.78 and a beta of 1.12. RealPage Inc has a 12 month low of $41.10 and a 12 month high of $66.25.

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

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the company’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred R. Berkeley III sold 4,000 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $59.23, for a total transaction of $236,920.00. Following the sale, the director now directly owns 35,881 shares in the company, valued at $2,125,231.63. The disclosure for this sale can be found here. Insiders have sold 2,485,412 shares of company stock worth $153,814,920 over the last ninety days. Insiders own 24.91% of the company’s stock.

A number of analysts have recently commented on the stock. BidaskClub lowered shares of RealPage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research lowered shares of RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. KeyCorp reissued an “overweight” rating and issued a $72.00 price objective (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Finally, Royal Bank of Canada boosted their price objective on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. RealPage currently has an average rating of “Buy” and a consensus target price of $64.63.

RealPage Company Profile

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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