UBS Oconnor LLC Invests $1.60 Million in RealPage, Inc. (RP) Stock
UBS Oconnor LLC acquired a new position in RealPage, Inc. (NASDAQ:RP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 44,470 shares of the software maker’s stock, valued at approximately $1,599,000. UBS Oconnor LLC owned 0.06% of RealPage as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of RP. Wells Fargo & Company MN grew its position in RealPage by 21.6% during the 1st quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock worth $5,795,000 after purchasing an additional 29,468 shares in the last quarter. Swiss National Bank raised its stake in RealPage by 1.3% during the 1st quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after purchasing an additional 1,200 shares during the period. UBS Asset Management Americas Inc. raised its stake in RealPage by 170.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock valued at $983,000 after purchasing an additional 17,757 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage in the first quarter valued at $163,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of RealPage by 49.6% in the first quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock valued at $4,020,000 after purchasing an additional 38,188 shares in the last quarter. 70.49% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating and issued a $38.00 price objective on shares of RealPage in a research note on Monday, July 24th. Stephens reiterated an “overweight” rating and issued a $47.00 price objective (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.29.
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In other RealPage news, Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.30, for a total value of $141,050.00. Following the sale, the director now directly owns 45,038 shares in the company, valued at approximately $1,815,031.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Stephen T. Winn sold 255,254 shares of RealPage stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $39.93, for a total transaction of $10,192,292.22. Following the completion of the sale, the chairman now owns 2,983,997 shares in the company, valued at $119,151,000.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,982,789 shares of company stock worth $80,002,714. Corporate insiders own 33.24% of the company’s stock.
Shares of RealPage, Inc. (NASDAQ:RP) traded up 2.72% during trading on Tuesday, reaching $41.55. 29,717 shares of the company traded hands. RealPage, Inc. has a 12 month low of $23.69 and a 12 month high of $43.65. The stock’s 50 day moving average price is $40.91 and its 200-day moving average price is $37.60. The stock has a market cap of $3.28 billion, a P/E ratio of 129.84 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its 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. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the prior year, the company earned $0.18 EPS. The company’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that RealPage, Inc. will post $0.92 EPS for the current fiscal year.
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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