Chicago Capital LLC boosted its position in RealPage Inc (NASDAQ:RP) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,606 shares of the software maker’s stock after purchasing an additional 37,979 shares during the period. RealPage accounts for about 1.9% of Chicago Capital LLC’s portfolio, making the stock its 29th biggest holding. Chicago Capital LLC owned about 0.44% of RealPage worth $27,125,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Commerce Bank grew its position in shares of RealPage by 400.4% in the 3rd quarter. Commerce Bank now owns 22,520 shares of the software maker’s stock valued at $1,485,000 after buying an additional 18,020 shares during the last quarter. American Capital Management Inc. boosted its position in shares of RealPage by 1.5% during the 3rd quarter. American Capital Management Inc. now owns 727,451 shares of the software maker’s stock valued at $47,939,000 after purchasing an additional 10,490 shares in the last quarter. Comerica Bank bought a new stake in shares of RealPage during the 3rd quarter valued at about $1,723,000. Bradley Foster & Sargent Inc. CT bought a new stake in shares of RealPage during the 3rd quarter valued at about $1,080,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of RealPage during the 3rd quarter valued at about $659,000. 81.81% of the stock is owned by institutional investors and hedge funds.
RP has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on RealPage to $64.00 and gave the company a “sector perform” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Wednesday, September 19th. KeyCorp restated an “overweight” rating and set a $72.00 target price (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Morgan Stanley set a $63.00 target price on RealPage and gave the company a “buy” rating in a research report on Friday. Finally, BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.50.
In other news, major shareholder Seren Capital, Ltd. sold 200,000 shares of the stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $64.63, for a total value of $12,926,000.00. Following the completion of the sale, the insider now directly owns 14,721,447 shares of the company’s stock, valued at $951,447,119.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Blount sold 32,500 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $59.45, for a total value of $1,932,125.00. Following the completion of the sale, the executive vice president now directly owns 194,154 shares of the company’s stock, valued at $11,542,455.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,485,412 shares of company stock worth $153,814,920. 24.91% of the stock is owned by company insiders.
RP stock opened at $52.89 on Tuesday. RealPage Inc has a fifty-two week low of $42.70 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $5.19 billion, a P/E ratio of 60.11 and a beta of 1.32.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. RealPage had a return on equity of 12.04% and a net margin of 0.91%. The business had revenue of $224.95 million for the quarter, compared to the consensus estimate of $221.33 million. During the same period in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that RealPage Inc will post 1.03 earnings per share for the current year.
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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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