RealPage (NASDAQ:RP)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. They presently have a $49.00 price target on the software maker’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 2.30% from the company’s current price.
A number of other equities research analysts have also issued reports on RP. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, January 10th. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Benchmark lifted their target price on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Stephens lifted their target price on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $49.00.
RealPage (RP) traded down $0.55 during trading hours on Wednesday, hitting $47.90. The stock had a trading volume of 511,600 shares, compared to its average volume of 522,750. RealPage has a fifty-two week low of $28.00 and a fifty-two week high of $49.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $4,000.00, a PE ratio of 136.86 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. During the same quarter in the previous year, the business posted $0.20 EPS. RealPage’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts anticipate that RealPage will post 0.57 earnings per share for the current year.
In other RealPage news, EVP William P. Chaney sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the executive vice president now owns 172,904 shares of the company’s stock, valued at approximately $7,780,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $46.90, for a total value of $375,200.00. Following the transaction, the chief financial officer now directly owns 174,475 shares in the company, valued at approximately $8,182,877.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,643,467 shares of company stock worth $118,207,199 in the last ninety days. Insiders own 30.31% of the company’s stock.
Several large investors have recently bought and sold shares of RP. Bank of New York Mellon Corp increased its position in shares of RealPage by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,381 shares of the software maker’s stock worth $9,252,000 after purchasing an additional 4,565 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of RealPage by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 21,858 shares of the software maker’s stock worth $786,000 after acquiring an additional 841 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of RealPage by 629.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,170 shares of the software maker’s stock worth $294,000 after acquiring an additional 7,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after acquiring an additional 272 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of RealPage by 146.4% during the 2nd quarter. Principal Financial Group Inc. now owns 33,050 shares of the software maker’s stock worth $1,189,000 after acquiring an additional 19,637 shares during the period. 73.58% of the stock is currently owned by hedge funds and other institutional investors.
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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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