State of New Jersey Common Pension Fund D lowered its position in RealPage, Inc. (NASDAQ:RP) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 340,000 shares of the software maker’s stock after selling 30,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in RealPage were worth $12,223,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RP. Bessemer Group Inc. increased its position in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares during the last quarter. Legal & General Group Plc increased its position in RealPage by 2.0% in the first quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock worth $733,000 after buying an additional 402 shares during the last quarter. Sei Investments Co. increased its position in RealPage by 0.5% in the first quarter. Sei Investments Co. now owns 173,525 shares of the software maker’s stock worth $6,056,000 after buying an additional 907 shares during the last quarter. Nationwide Fund Advisors increased its position in RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock worth $1,988,000 after buying an additional 948 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in RealPage by 2.9% in the second quarter. Eqis Capital Management Inc. now owns 38,257 shares of the software maker’s stock worth $1,375,000 after buying an additional 1,068 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RealPage, Inc. (NASDAQ:RP) opened at 39.15 on Thursday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 122.34 and a beta of 1.11. The company has a 50 day moving average of $38.16 and a 200-day moving average of $35.54. RealPage, Inc. has a 12 month low of $23.69 and a 12 month high of $43.65.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. Analysts predict that RealPage, Inc. will post $0.93 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “RealPage, Inc. (NASDAQ:RP) Shares Sold by State of New Jersey Common Pension Fund D” was reported by Daily Political and is the property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/10/realpage-inc-nasdaqrp-shares-sold-by-state-of-new-jersey-common-pension-fund-d.html.

A number of research firms have issued reports on RP. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of RealPage in a research report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 target price (up from $38.00) on shares of RealPage in a research report on Wednesday. Stephens restated an “overweight” rating and set a $47.00 target price (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Finally, JMP Securities restated an “outperform” rating and set a $43.00 target price on shares of RealPage in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. RealPage presently has a consensus rating of “Hold” and an average target price of $39.83.

In other RealPage news, CEO Stephen T. Winn sold 27,930 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $37.17, for a total value of $1,038,158.10. Following the transaction, the chief executive officer now directly owns 3,530,528 shares of the company’s stock, valued at $131,229,725.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $34.41, for a total value of $3,295,101.60. Following the completion of the transaction, the insider now directly owns 18,869,256 shares in the company, valued at $649,291,098.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,097,250 shares of company stock worth $38,695,938. 33.24% of the stock is owned by insiders.

RealPage Company Profile

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

Want to see what other hedge funds are holding RP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealPage, Inc. (NASDAQ:RP).

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.