TIAA CREF Investment Management LLC lessened its holdings in RealPage, Inc. (NASDAQ:RP) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,744 shares of the software maker’s stock after selling 437 shares during the quarter. TIAA CREF Investment Management LLC owned 0.33% of RealPage worth $9,697,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. lifted its position in RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after purchasing an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in RealPage by 0.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after purchasing an additional 100 shares during the period. Martingale Asset Management L P lifted its position in RealPage by 1.4% during the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after purchasing an additional 100 shares during the period. Renaissance Group LLC lifted its position in RealPage by 2.4% during the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after purchasing an additional 218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the period. 70.49% of the stock is currently owned by hedge funds and other institutional investors.

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In other RealPage news, Director Alfred R. Berkeley III sold 3,500 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the sale, the director now owns 45,038 shares of the company’s stock, valued at approximately $1,815,031.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 153,154 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $39.93, for a total value of $6,115,439.22. Following the completion of the sale, the insider now directly owns 18,025,752 shares in the company, valued at approximately $719,768,277.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,982,789 shares of company stock valued at $80,002,714 in the last quarter. 33.24% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. Deutsche Bank AG raised their target price on shares of RealPage from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price target on shares of RealPage in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.29.

RealPage, Inc. (NASDAQ:RP) opened at 42.00 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 131.25 and a beta of 1.09. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The firm’s 50-day moving average is $40.95 and its 200-day moving average is $37.73.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts forecast that RealPage, Inc. will post $0.92 EPS for the current year.

RealPage 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.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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