Cortina Asset Management LLC Has $21.41 Million Holdings in RealPage, Inc. (RP)
Cortina Asset Management LLC lessened its holdings in RealPage, Inc. (NASDAQ:RP) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 536,571 shares of the software maker’s stock after selling 2,197 shares during the period. Cortina Asset Management LLC owned 0.65% of RealPage worth $21,409,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of RP. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after purchasing an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of RealPage by 10.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares during the last quarter. Bfsg LLC bought a new position in shares of RealPage during the 2nd quarter valued at about $209,000. Finally, UBS Group AG boosted its holdings in shares of RealPage by 28.4% during the 1st quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock valued at $210,000 after purchasing an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.
Shares of RealPage, Inc. (RP) traded down $0.05 during trading hours on Monday, hitting $44.05. 378,300 shares of the company were exchanged, compared to its average volume of 539,526. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. RealPage, Inc. has a 1 year low of $28.00 and a 1 year high of $45.10. The company has a market cap of $3,650.84, a P/E ratio of 80.09 and a beta of 1.09.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The firm had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts predict that RealPage, Inc. will post 0.57 earnings per share for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th. Morgan Stanley began coverage on shares of RealPage in a report on Monday. They issued a “weight” rating and a $48.00 price target for the company. Benchmark Co. increased their price target on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.57.
In related news, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $41.36, for a total value of $330,880.00. Following the sale, the chief financial officer now directly owns 243,167 shares of the company’s stock, valued at approximately $10,057,387.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 89,220 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $43.50, for a total transaction of $3,881,070.00. Following the completion of the sale, the insider now directly owns 17,815,796 shares in the company, valued at $774,987,126. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,258,628 shares of company stock valued at $93,612,221. 33.24% of the stock is owned by 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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