RealPage, Inc. (RP) Stake Boosted by Federated Investors Inc. PA
Federated Investors Inc. PA boosted its position in RealPage, Inc. (NASDAQ:RP) by 65.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 702,487 shares of the software maker’s stock after buying an additional 276,935 shares during the period. Federated Investors Inc. PA owned approximately 0.90% of RealPage worth $25,254,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in RP. Insight Capital Research & Management Inc. purchased a new stake in shares of RealPage during the first quarter worth about $4,410,000. Engineers Gate Manager LP purchased a new stake in shares of RealPage during the first quarter worth about $557,000. Sei Investments Co. increased its stake in shares of 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 during the last quarter. UBS Asset Management Americas Inc. increased 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 worth $983,000 after buying an additional 17,757 shares during the last quarter. Finally, Swiss National Bank increased 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 worth $3,239,000 after buying an additional 1,200 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.
RealPage, Inc. (NASDAQ:RP) opened at 41.00 on Friday. RealPage, Inc. has a 12 month low of $23.69 and a 12 month high of $43.65. The company has a market capitalization of $3.24 billion, a PE ratio of 128.12 and a beta of 1.11. The firm’s 50-day moving average is $39.57 and its 200-day moving average is $36.39.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Equities analysts anticipate that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
RP has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 target price (up from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $47.00 target price (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $43.00 target price on shares of RealPage in a research note on Friday, May 5th. 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.83.
In related news, Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the transaction, the director now owns 45,038 shares in the company, valued at $1,815,031.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William P. Chaney sold 15,000 shares of RealPage stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $41.30, for a total value of $619,500.00. Following the transaction, the executive vice president now owns 196,339 shares in the company, valued at approximately $8,108,800.70. The disclosure for this sale can be found here. Insiders sold 1,226,252 shares of company stock worth $45,025,042 over the last ninety days. Corporate 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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