Commerce Bank raised its position in shares of RealPage Inc (NASDAQ:RP) by 400.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,520 shares of the software maker’s stock after acquiring an additional 18,020 shares during the quarter. Commerce Bank’s holdings in RealPage were worth $1,485,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in shares of RealPage by 98.0% in the second quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock valued at $214,953,000 after purchasing an additional 1,930,973 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of RealPage by 17.5% in the second quarter. King Luther Capital Management Corp now owns 1,100,993 shares of the software maker’s stock valued at $60,665,000 after purchasing an additional 163,890 shares in the last quarter. Fred Alger Management Inc. grew its position in shares of RealPage by 316.2% in the second quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock valued at $55,475,000 after purchasing an additional 764,890 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of RealPage by 67.7% in the second quarter. OppenheimerFunds Inc. now owns 948,207 shares of the software maker’s stock valued at $52,247,000 after purchasing an additional 382,846 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of RealPage by 10,937.8% in the second quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after purchasing an additional 797,364 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Stephen T. Winn sold 75,192 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $60.75, for a total transaction of $4,567,914.00. Following the completion of the transaction, the chief executive officer now directly owns 1,336,783 shares in the company, valued at $81,209,567.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen T. Winn sold 88,404 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $61.65, for a total value of $5,450,106.60. Following the transaction, the chief executive officer now owns 1,164,579 shares of the company’s stock, valued at $71,796,295.35. The disclosure for this sale can be found here. Insiders sold 2,448,912 shares of company stock valued at $151,645,875 over the last quarter. 24.91% of the stock is currently owned by company insiders.
A number of equities research analysts have recently issued reports on RP shares. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Wednesday, September 19th. Royal Bank of Canada increased their price objective on RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. KeyCorp increased their price objective on RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. Finally, Morgan Stanley set a $63.00 price objective on RealPage and gave the stock a “buy” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $63.00.
Shares of RealPage stock opened at $51.03 on Friday. The company has a market capitalization of $4.84 billion, a P/E ratio of 141.75 and a beta of 1.32. RealPage Inc has a fifty-two week low of $43.00 and a fifty-two week high of $66.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $224.95 million during the quarter, compared to analyst estimates of $221.33 million. RealPage had a return on equity of 12.04% and a net margin of 0.91%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. Equities research analysts predict that RealPage Inc will post 1.06 EPS 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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