KeyCorp began coverage on shares of RealPage, Inc. (NASDAQ:RP) in a research note published on Thursday. The firm issued an overweight rating and a $50.00 target price on the software maker’s stock.

Other research analysts also recently issued reports about the company. Deutsche Bank AG reaffirmed a buy rating and issued a $45.00 price target (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. BidaskClub upgraded RealPage from a hold rating to a buy rating in a research report on Saturday, September 2nd. Royal Bank Of Canada restated a hold rating and set a $38.00 price objective on shares of RealPage in a research report on Monday, July 24th. Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a research report on Monday, August 21st. Finally, JMP Securities restated an outperform rating and set a $43.00 price objective on shares of RealPage in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $41.29.

Shares of RealPage (NASDAQ:RP) traded up 1.93% during trading on Thursday, reaching $42.25. The company had a trading volume of 188,834 shares. RealPage has a 12 month low of $23.69 and a 12 month high of $43.65. The stock has a 50 day moving average price of $40.55 and a 200 day moving average price of $36.93. The firm has a market capitalization of $3.34 billion, a PE ratio of 132.03 and a beta of 1.06.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, equities research analysts forecast that RealPage will post $0.93 EPS for the current year.

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In other RealPage news, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $34.93, for a total value of $5,574,828.00. Following the sale, the chairman now directly owns 3,581,629 shares in the company, valued at $125,106,300.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William P. Chaney sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total value of $619,500.00. Following the completion of the sale, the executive vice president now owns 196,339 shares in the company, valued at $8,108,800.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,320,884 shares of company stock worth $50,631,291. 33.24% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in RP. Nationwide Fund Advisors grew its position in RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after acquiring an additional 948 shares during the period. Russell Investments Group Ltd. grew its position in RealPage by 94.3% in the first quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after acquiring an additional 114,737 shares during the period. Wells Fargo & Company MN grew its position in RealPage by 21.6% in the first quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after acquiring an additional 29,468 shares during the period. Capital Fund Management S.A. bought a new stake in RealPage in the first quarter valued at $244,000. Finally, Swiss National Bank grew its position in 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 acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 70.49% of the company’s stock.

About RealPage

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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