AlphaMark Advisors LLC Continues to Hold Stake in RealPage, Inc. (RP)
AlphaMark Advisors LLC maintained its position in RealPage, Inc. (NASDAQ:RP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,900 shares of the software maker’s stock at the end of the second quarter. AlphaMark Advisors LLC’s holdings in RealPage were worth $1,111,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in RealPage during the first quarter worth approximately $163,000. Bessemer Group Inc. raised its position in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares during the last quarter. Gotham Asset Management LLC acquired a new position in RealPage during the first quarter worth approximately $200,000. Finally, UBS Group AG raised its position in RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock worth $210,000 after buying an additional 1,332 shares during the last quarter. 70.49% of the stock is owned by institutional investors and hedge funds.
Shares of RealPage, Inc. (RP) traded up 0.97% on Wednesday, hitting $41.50. The stock had a trading volume of 26,249 shares. The company has a 50-day moving average of $39.57 and a 200-day moving average of $36.39. The company has a market cap of $3.28 billion, a P/E ratio of 129.69 and a beta of 1.11. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
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RP has been the subject of a number of recent analyst reports. Deutsche Bank AG upped their price target on RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of RealPage in a research report on Monday, July 24th. JMP Securities reissued an “outperform” rating and issued a $43.00 target price on shares of RealPage in a research report on Friday, May 5th. Finally, Stephens reissued an “overweight” rating and issued a $47.00 target price (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. RealPage currently has a consensus rating of “Hold” and an average price target of $39.83.
In other news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $34.21, for a total value of $3,275,949.60. Following the sale, the insider now directly owns 18,773,616 shares in the company, valued at approximately $642,245,403.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stephen T. Winn sold 159,600 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $34.21, for a total transaction of $5,459,916.00. Following the completion of the sale, the chairman now owns 3,736,870 shares in the company, valued at $127,838,322.70. The disclosure for this sale can be found here. Insiders sold a total of 1,226,252 shares of company stock valued at $45,025,042 in the last three months. 33.24% of the stock is currently owned by corporate insiders.
RealPage Company Profile
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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