RealPage, Inc. (RP) Shares Bought by William Blair Investment Management LLC
William Blair Investment Management LLC boosted its position in RealPage, Inc. (NASDAQ:RP) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,526 shares of the software maker’s stock after buying an additional 29,248 shares during the period. William Blair Investment Management LLC owned about 0.40% of RealPage worth $11,127,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Insight Capital Research & Management Inc. purchased a new stake in RealPage during the first quarter worth approximately $4,410,000. Engineers Gate Manager LP purchased a new stake in RealPage during the first quarter worth approximately $557,000. Sei Investments Co. increased its stake in RealPage by 0.5% in the first quarter. Sei Investments Co. now owns 173,525 shares of the software maker’s stock worth $6,056,000 after buying an additional 907 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of RealPage by 170.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock valued at $983,000 after buying an additional 17,757 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of RealPage by 1.3% in the first quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.
RealPage, Inc. (NASDAQ:RP) opened at 41.00 on Friday. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65. The company has a market cap of $3.24 billion, a PE ratio of 128.12 and a beta of 1.11. The stock’s 50 day moving average price is $39.57 and its 200-day moving average price is $36.39.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current year.
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Several equities research analysts have weighed in on RP shares. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. JMP Securities reissued an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price objective on shares of RealPage in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.83.
In related news, CEO Stephen T. Winn sold 27,930 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $37.17, for a total transaction of $1,038,158.10. Following the transaction, the chief executive officer now owns 3,530,528 shares of the company’s stock, valued at $131,229,725.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alfred R. Berkeley III sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.30, for a total transaction of $141,050.00. Following the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. Insiders have sold 1,226,252 shares of company stock worth $45,025,042 in the last three months. Insiders own 33.24% of the company’s stock.
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.
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