Teachers Advisors LLC Sells 1,541 Shares of RealPage Inc (RP)

Teachers Advisors LLC lessened its holdings in RealPage Inc (NASDAQ:RP) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,385 shares of the software maker’s stock after selling 1,541 shares during the period. Teachers Advisors LLC owned approximately 0.13% of RealPage worth $4,669,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RP. Principal Financial Group Inc. raised its position in RealPage by 10.4% in the third quarter. Principal Financial Group Inc. now owns 36,472 shares of the software maker’s stock worth $1,456,000 after purchasing an additional 3,422 shares in the last quarter. New York State Common Retirement Fund raised its position in RealPage by 3.0% in the third quarter. New York State Common Retirement Fund now owns 64,700 shares of the software maker’s stock worth $2,582,000 after purchasing an additional 1,900 shares in the last quarter. Bank of New York Mellon Corp raised its position in RealPage by 30.1% in the third quarter. Bank of New York Mellon Corp now owns 334,825 shares of the software maker’s stock worth $13,359,000 after purchasing an additional 77,444 shares in the last quarter. American International Group Inc. raised its position in RealPage by 8.1% in the third quarter. American International Group Inc. now owns 39,358 shares of the software maker’s stock worth $1,570,000 after purchasing an additional 2,943 shares in the last quarter. Finally, Legal & General Group Plc raised its position in RealPage by 17.8% in the third quarter. Legal & General Group Plc now owns 25,759 shares of the software maker’s stock worth $1,031,000 after purchasing an additional 3,901 shares in the last quarter. 79.85% of the stock is owned by hedge funds and other institutional investors.

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In other news, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $50.90, for a total transaction of $407,200.00. Following the sale, the chief financial officer now directly owns 222,216 shares of the company’s stock, valued at $11,310,794.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Blount sold 56,250 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $51.25, for a total transaction of $2,882,812.50. Following the sale, the executive vice president now directly owns 185,958 shares in the company, valued at $9,530,347.50. The disclosure for this sale can be found here. Insiders have sold 1,800,546 shares of company stock worth $94,309,877 over the last three months. 30.31% of the stock is owned by insiders.

Several analysts have weighed in on the stock. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, March 7th. Royal Bank of Canada reaffirmed a “hold” rating on shares of RealPage in a research note on Thursday, March 1st. Stephens upped their price objective on shares of RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, December 29th. Finally, Benchmark upped their price objective on shares of RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. RealPage presently has a consensus rating of “Buy” and an average target price of $54.00.

Shares of RealPage stock opened at $51.70 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock has a market cap of $4,266.86, a price-to-earnings ratio of 143.61 and a beta of 1.08. RealPage Inc has a 1-year low of $32.30 and a 1-year high of $54.95.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The firm had revenue of $188.39 million for the quarter, compared to the consensus estimate of $186.46 million. equities analysts anticipate that RealPage Inc will post 0.97 EPS for the current year.

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About RealPage

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.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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