Public Employees Retirement Association of Colorado acquired a new stake in RealPage Inc (NASDAQ:RP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,668 shares of the software maker’s stock, valued at approximately $162,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Calamos Advisors LLC purchased a new stake in RealPage in the third quarter valued at approximately $10,069,000. NJ State Employees Deferred Compensation Plan purchased a new stake in RealPage in the third quarter valued at approximately $559,000. Jane Street Group LLC purchased a new stake in RealPage in the third quarter valued at approximately $2,730,000. Sterling Capital Management LLC lifted its stake in RealPage by 15.8% in the third quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock valued at $2,180,000 after buying an additional 7,454 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new stake in RealPage in the second quarter valued at approximately $346,000. Institutional investors own 74.30% of the company’s stock.
In related news, CEO Stephen T. Winn sold 113,759 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.34, for a total transaction of $5,157,833.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Seren Capital, Ltd. sold 195,016 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.34, for a total value of $8,842,025.44. The disclosure for this sale can be found here. Insiders have sold 1,999,266 shares of company stock worth $90,149,250 in the last ninety days. 30.31% of the stock is currently owned by corporate insiders.
A number of research firms have recently issued reports on RP. KeyCorp boosted their target price on RealPage from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley raised RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Tuesday, January 30th. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of RealPage in a report on Wednesday, January 17th. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. RealPage presently has an average rating of “Buy” and an average target price of $50.63.
RealPage Inc (NASDAQ RP) opened at $50.40 on Wednesday. RealPage Inc has a twelve month low of $32.30 and a twelve month high of $51.60. The firm has a market capitalization of $4,180.00, a price-to-earnings ratio of 144.00 and a beta of 1.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
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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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