7,087 Shares in RealPage, Inc. (RP) Acquired by Laurion Capital Management LP
Laurion Capital Management LP bought a new position in shares of RealPage, Inc. (NASDAQ:RP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,087 shares of the software maker’s stock, valued at approximately $255,000.
Several other institutional investors and hedge funds have also made changes to their positions in RP. Wells Fargo & Company MN lifted its holdings in shares of RealPage by 21.6% during the first 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 during the period. Swiss National Bank grew its position in RealPage by 1.3% in the 1st quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after buying an additional 1,200 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in RealPage by 170.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock valued at $983,000 after buying an additional 17,757 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in RealPage in the 1st quarter valued at $163,000. Finally, JPMorgan Chase & Co. grew its position in RealPage by 49.6% in the 1st quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock valued at $4,020,000 after buying an additional 38,188 shares during the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.
RealPage, Inc. (RP) opened at 41.05 on Wednesday. The stock has a market cap of $3.24 billion, a P/E ratio of 128.28 and a beta of 1.09. RealPage, Inc. has a one year low of $23.69 and a one year high of $43.65. The stock has a 50 day moving average of $40.93 and a 200-day moving average of $37.63.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. RealPage’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. Analysts anticipate that RealPage, Inc. will post $0.92 EPS for the current year.
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A number of brokerages recently commented on RP. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 target price on shares of RealPage in a research report on Monday, September 11th. KeyCorp assumed coverage on RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and set a $45.00 target price (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $41.29.
In related news, CEO Stephen T. Winn sold 27,930 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $39.43, for a total value of $1,101,279.90. Following the completion of the sale, the chief executive officer now owns 3,352,600 shares of the company’s stock, valued at $132,193,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred R. Berkeley III sold 3,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,982,789 shares of company stock valued at $80,002,714. Insiders own 33.24% of the company’s stock.
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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