RealPage (NASDAQ:RP) posted its earnings results on Thursday. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03, Morningstar.com reports. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The company had revenue of $224.95 million for the quarter, compared to the consensus estimate of $221.33 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. RealPage updated its Q4 guidance to 0.37-0.38 EPS.
NASDAQ RP traded up $0.41 on Friday, hitting $55.30. 1,547,867 shares of the company’s stock were exchanged, compared to its average volume of 790,172. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96. RealPage has a 52 week low of $41.10 and a 52 week high of $66.25. The stock has a market capitalization of $4.97 billion, a PE ratio of 67.95 and a beta of 1.32.
A number of equities research analysts recently issued reports on RP shares. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. KeyCorp reissued an “overweight” rating and set a $72.00 price target (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price target on shares of RealPage in a research report on Friday. Morgan Stanley set a $63.00 price target on RealPage and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.50.
In other RealPage news, CEO Stephen T. Winn sold 150,000 shares of the company’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $64.62, for a total transaction of $9,693,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,086,819 shares in the company, valued at $70,230,243.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen T. Winn sold 75,192 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $60.75, for a total value of $4,567,914.00. Following the sale, the chief executive officer now owns 1,336,783 shares of the company’s stock, valued at $81,209,567.25. The disclosure for this sale can be found here. Insiders have sold 2,485,412 shares of company stock valued at $153,814,920 over the last 90 days. Corporate insiders own 24.91% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. lifted its stake in shares of RealPage by 2.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after acquiring an additional 875 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of RealPage by 11.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 9,009 shares of the software maker’s stock valued at $496,000 after acquiring an additional 900 shares during the last quarter. First Manhattan Co. lifted its stake in shares of RealPage by 78.9% in the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after acquiring an additional 1,500 shares during the last quarter. Sei Investments Co. lifted its stake in shares of RealPage by 0.9% in the 2nd quarter. Sei Investments Co. now owns 195,877 shares of the software maker’s stock valued at $10,794,000 after acquiring an additional 1,726 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of RealPage in the 3rd quarter valued at $131,000. Hedge funds and other institutional investors own 81.11% of the company’s stock.
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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