Capital Insight Partners LLC lowered its position in shares of RealPage Inc (NASDAQ:RP) by 1.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 20,884 shares of the software maker’s stock after selling 310 shares during the quarter. Capital Insight Partners LLC’s holdings in RealPage were worth $1,358,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Allred Capital Management LLC boosted its holdings in RealPage by 43.7% in the first quarter. Allred Capital Management LLC now owns 589 shares of the software maker’s stock valued at $31,000 after purchasing an additional 179 shares during the last quarter. Fort L.P. raised its stake in shares of RealPage by 10.3% during the 1st quarter. Fort L.P. now owns 1,985 shares of the software maker’s stock valued at $105,000 after buying an additional 186 shares during the last quarter. US Bancorp DE lifted its holdings in shares of RealPage by 4.9% in the 1st quarter. US Bancorp DE now owns 4,298 shares of the software maker’s stock valued at $227,000 after buying an additional 200 shares during the period. Alliancebernstein L.P. boosted its stake in shares of RealPage by 0.6% in the fourth quarter. Alliancebernstein L.P. now owns 39,740 shares of the software maker’s stock worth $2,136,000 after buying an additional 220 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in RealPage by 11.5% during the first quarter. Cullen Frost Bankers Inc. now owns 2,900 shares of the software maker’s stock worth $154,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 92.10% of the company’s stock.
RP opened at $65.16 on Wednesday. The company has a market cap of $6.37 billion, a PE ratio of 118.47 and a beta of 1.06. RealPage Inc has a twelve month low of $36.91 and a twelve month high of $69.79. The company has a 50-day moving average price of $66.50 and a 200 day moving average price of $60.29. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.04.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $276.60 million during the quarter, compared to analyst estimates of $277.45 million. RealPage had a return on equity of 9.99% and a net margin of 5.10%. RealPage’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. As a group, sell-side analysts expect that RealPage Inc will post 1.23 earnings per share for the current year.
Several equities research analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on RealPage from $62.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Friday, June 26th. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 9th. Wells Fargo & Co initiated coverage on shares of RealPage in a research report on Tuesday, June 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, TheStreet upgraded RealPage from a “c+” rating to a “b-” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $72.50.
In other RealPage news, CEO Stephen T. Winn sold 81,836 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $63.41, for a total value of $5,189,220.76. Following the completion of the sale, the chief executive officer now owns 1,431,661 shares in the company, valued at approximately $90,781,624.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen T. Winn sold 400,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $63.73, for a total transaction of $25,492,000.00. Following the completion of the sale, the chief executive officer now owns 1,431,661 shares of the company’s stock, valued at approximately $91,239,755.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 810,283 shares of company stock valued at $52,363,781. 13.91% of the stock is owned by corporate insiders.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
Further Reading: Outperform Rating
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