5,811 Shares in RealPage, Inc. (RP) Purchased by Bfsg LLC
Bfsg LLC bought a new stake in RealPage, Inc. (NASDAQ:RP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,811 shares of the software maker’s stock, valued at approximately $209,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Martingale Asset Management L P lifted its holdings in RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in RealPage by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 85,300 shares of the software maker’s stock valued at $3,067,000 after acquiring an additional 1,100 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in RealPage by 107.9% in the 2nd quarter. Wells Fargo & Company MN now owns 345,179 shares of the software maker’s stock valued at $12,409,000 after acquiring an additional 179,134 shares during the last quarter. Franklin Resources Inc. acquired a new stake in RealPage in the 2nd quarter valued at about $4,242,000. Finally, Eaton Vance Management lifted its holdings in RealPage by 1.4% in the 2nd quarter. Eaton Vance Management now owns 547,171 shares of the software maker’s stock valued at $19,671,000 after acquiring an additional 7,384 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price target (up from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of RealPage in a report on Wednesday, August 9th. Stephens reissued an “overweight” rating and issued a $47.00 price target (up from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Finally, JMP Securities reissued an “outperform” rating and issued a $43.00 price target on shares of RealPage in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.29.
In other news, EVP Ashley Chaffin Glover sold 13,822 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $42.46, for a total transaction of $586,882.12. Following the completion of the transaction, the executive vice president now directly owns 107,154 shares in the company, valued at approximately $4,549,758.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alfred R. Berkeley III sold 3,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,658,454 shares of company stock valued at $64,670,970 over the last 90 days. Corporate insiders own 33.24% of the company’s stock.
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Shares of RealPage, Inc. (NASDAQ RP) traded up 0.97% during midday trading on Friday, reaching $41.85. 398,645 shares of the company’s stock were exchanged. The company has a market capitalization of $3.31 billion, a PE ratio of 130.78 and a beta of 1.06. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65. The firm has a 50-day moving average of $40.61 and a 200-day moving average of $36.97.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during 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 company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. Equities analysts expect that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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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