Frontier Capital Management Co. LLC lessened its stake in RealPage Inc (NASDAQ:RP) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,505 shares of the software maker’s stock after selling 71,827 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.23% of RealPage worth $8,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in RealPage by 10.6% in the second 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 last quarter. Ameritas Investment Partners Inc. increased its holdings in RealPage by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares during the last quarter. Breton Hill Capital Ltd. bought a new stake in RealPage in the third quarter valued at about $228,000. Tiedemann Wealth Management LLC increased its holdings in RealPage by 33.7% in the third quarter. Tiedemann Wealth Management LLC now owns 24,080 shares of the software maker’s stock valued at $244,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Laurion Capital Management LP bought a new stake in RealPage in the second quarter valued at about $255,000. Institutional investors and hedge funds own 72.94% of the company’s stock.
Several equities research analysts have issued reports on RP shares. Benchmark increased their price target on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th. Morgan Stanley started coverage on RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price target for the company. Finally, Stephens increased their price target on RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. RealPage has an average rating of “Buy” and an average target price of $50.63.
Shares of RealPage Inc (RP) traded up $1.55 during midday trading on Wednesday, reaching $49.25. The company had a trading volume of 294,305 shares, compared to its average volume of 445,022. RealPage Inc has a 1 year low of $32.30 and a 1 year high of $51.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3,920.20, a PE ratio of 140.72 and a beta of 1.13.
In other news, EVP William P. Chaney sold 1,000 shares of the firm’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 value of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 172,904 shares of the company’s stock, valued at $7,780,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Stephen T. Winn sold 421,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $45.41, for a total value of $19,117,610.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,999,266 shares of company stock valued at $90,149,250. Insiders own 30.31% of the company’s stock.
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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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