First Trust Advisors LP Sells 20,425 Shares of RealPage, Inc. (RP)
First Trust Advisors LP trimmed its stake in shares of RealPage, Inc. (NASDAQ:RP) by 20.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,237 shares of the software maker’s stock after selling 20,425 shares during the quarter. First Trust Advisors LP owned about 0.10% of RealPage worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Legal & General Group Plc raised its stake in shares of RealPage by 2.0% during the 1st quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock worth $733,000 after buying an additional 402 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RealPage by 140.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 219,894 shares of the software maker’s stock worth $7,674,000 after buying an additional 128,587 shares in the last quarter. UBS Group AG raised its stake 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 worth $210,000 after buying an additional 1,332 shares in the last quarter. BlackRock Inc. raised its stake in shares of RealPage by 70,939.4% during the 1st quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock worth $118,213,000 after buying an additional 3,382,391 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in shares of RealPage during the 1st quarter worth approximately $231,000. 70.60% of the stock is owned by institutional investors.
Shares of RealPage, Inc. (NASDAQ:RP) opened at $45.05 on Wednesday. RealPage, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $45.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3,692.28, a price-to-earnings ratio of 81.00 and a beta of 1.09.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. research analysts expect that RealPage, Inc. will post 0.57 EPS for the current fiscal year.
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Several equities analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 price objective (up from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $47.00 price objective (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Deutsche Bank AG raised their price objective on RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.57.
In other RealPage news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $40.95, for a total transaction of $3,921,372.00. Following the transaction, the insider now owns 18,390,456 shares in the company, valued at $753,089,173.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO W Bryan Hill sold 5,800 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total value of $231,536.00. Following the transaction, the chief financial officer now owns 237,367 shares in the company, valued at approximately $9,475,690.64. The disclosure for this sale can be found here. Insiders sold 2,250,628 shares of company stock worth $93,281,341 in the last quarter. 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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