Macquarie Group Ltd. cut its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,220 shares of the software maker’s stock after selling 5,322 shares during the period. Macquarie Group Ltd. owned approximately 0.09% of RealPage worth $3,041,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new position in RealPage in the third quarter worth about $10,069,000. PNC Financial Services Group Inc. boosted its position in RealPage by 83.9% in the second quarter. PNC Financial Services Group Inc. now owns 139,901 shares of the software maker’s stock worth $5,029,000 after purchasing an additional 63,843 shares during the last quarter. Contour Asset Management LLC purchased a new position in RealPage in the second quarter worth about $16,044,000. BlackRock Inc. boosted its position in RealPage by 4.8% in the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after purchasing an additional 163,752 shares during the last quarter. Finally, Castleark Management LLC boosted its position in RealPage by 146.9% in the second quarter. Castleark Management LLC now owns 396,604 shares of the software maker’s stock worth $14,258,000 after purchasing an additional 235,976 shares during the last quarter. 73.64% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Benchmark raised their target price on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 target price (up from $38.00) on shares of RealPage in a research report on Wednesday, August 9th. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Morgan Stanley assumed coverage on RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.57.

In related news, major shareholder Seren Capital, Ltd. sold 98,160 shares of RealPage stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $41.55, for a total transaction of $4,078,548.00. Following the sale, the insider now owns 18,298,476 shares of the company’s stock, valued at approximately $760,301,677.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Stephen T. Winn sold 163,600 shares of RealPage stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $41.55, for a total value of $6,797,580.00. Following the sale, the chairman now directly owns 3,143,085 shares in the company, valued at approximately $130,595,181.75. The disclosure for this sale can be found here. Insiders sold 2,891,011 shares of company stock worth $123,892,782 in the last ninety days. Corporate insiders own 30.31% of the company’s stock.

RealPage, Inc. (NASDAQ:RP) opened at $44.95 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. RealPage, Inc. has a 12 month low of $28.00 and a 12 month high of $46.80. The company has a market capitalization of $3,720.00, a PE ratio of 81.73 and a beta of 1.08.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 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 firm had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same quarter last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts expect that RealPage, Inc. will post 0.57 EPS for the current fiscal year.

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RealPage 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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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