Cornerstone Capital Management Holdings LLC. lowered its stake in shares of RealPage Inc (NASDAQ:RP) by 56.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,857 shares of the software maker’s stock after selling 58,964 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.06% of RealPage worth $1,829,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of RealPage in the second quarter worth $107,795,000. Royal Bank of Canada increased its holdings in shares of RealPage by 89,197.4% in the second quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock worth $34,092,000 after purchasing an additional 947,276 shares during the period. Stockbridge Partners LLC increased its holdings in shares of RealPage by 26.2% in the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after purchasing an additional 790,297 shares during the period. Renaissance Technologies LLC increased its holdings in shares of RealPage by 74.0% in the second quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock worth $49,558,000 after purchasing an additional 586,144 shares during the period. Finally, Contour Asset Management LLC bought a new position in shares of RealPage in the second quarter worth $16,044,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.
RealPage Inc (NASDAQ RP) traded up $0.65 on Friday, reaching $48.45. The company had a trading volume of 382,796 shares, compared to its average volume of 472,436. RealPage Inc has a 1-year low of $28.00 and a 1-year high of $48.60. The company has a market capitalization of $4,000.00, a PE ratio of 138.43 and a beta of 1.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts predict that RealPage Inc will post 0.57 EPS for the current year.
Several research analysts have recently weighed in on RP shares. BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Benchmark increased their target price on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley initiated coverage on RealPage in a research note on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price on the stock. Finally, Stephens increased their target price on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. RealPage has an average rating of “Buy” and an average target price of $48.13.
In other news, CEO Stephen T. Winn sold 52,045 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $43.50, for a total transaction of $2,263,957.50. Following the completion of the sale, the chief executive officer now directly owns 2,766,870 shares in the company, valued at $120,358,845. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William P. Chaney sold 1,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the executive vice president now owns 172,904 shares of the company’s stock, valued at $7,780,680. The disclosure for this sale can be found here. Insiders have sold 2,643,467 shares of company stock worth $118,207,199 over the last ninety days. Insiders own 30.31% of the company’s stock.
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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.
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