Public Employees Retirement System of Ohio Has $1.69 Million Stock Holdings in AppFolio, Inc. $APPF

Public Employees Retirement System of Ohio cut its holdings in AppFolio, Inc. (NASDAQ:APPF) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,340 shares of the software maker’s stock after selling 144 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AppFolio were worth $1,690,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock worth $39,000 after acquiring an additional 62 shares during the last quarter. Versant Capital Management Inc boosted its position in AppFolio by 4,975.0% during the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker’s stock worth $45,000 after acquiring an additional 199 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in AppFolio during the 1st quarter worth approximately $55,000. Blue Trust Inc. boosted its position in AppFolio by 330.2% during the 1st quarter. Blue Trust Inc. now owns 271 shares of the software maker’s stock worth $60,000 after acquiring an additional 208 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in AppFolio by 73.1% during the 1st quarter. UMB Bank n.a. now owns 289 shares of the software maker’s stock worth $64,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analysts Set New Price Targets

APPF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on AppFolio from $295.00 to $311.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of AppFolio in a research note on Saturday, September 27th. DA Davidson reiterated a “buy” rating and set a $350.00 price objective on shares of AppFolio in a research note on Friday, August 1st. Finally, Piper Sandler upgraded AppFolio from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $311.80.

Insider Buying and Selling at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 3,100 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $321.38, for a total value of $996,278.00. Following the transaction, the insider directly owned 42,400 shares of the company’s stock, valued at $13,626,512. This represents a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Klaus Schauser sold 3,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $295.14, for a total value of $885,420.00. Following the completion of the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $88,542,000. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,803 shares of company stock valued at $16,938,949 in the last ninety days. 4.68% of the stock is currently owned by corporate insiders.

AppFolio Price Performance

Shares of NASDAQ APPF opened at $249.86 on Friday. The stock’s fifty day moving average price is $277.69 and its two-hundred day moving average price is $242.43. AppFolio, Inc. has a one year low of $189.01 and a one year high of $326.04. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 45.10 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The firm had revenue of $235.58 million for the quarter, compared to analyst estimates of $230.10 million. During the same period in the prior year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. AppFolio has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

AppFolio Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.