Wells Fargo & Company MN raised its position in shares of RealPage Inc (NASDAQ:RP) by 35.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 467,705 shares of the software maker’s stock after purchasing an additional 122,526 shares during the period. Wells Fargo & Company MN owned about 0.56% of RealPage worth $18,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RP. Martingale Asset Management L P increased its holdings in shares of RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after acquiring an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of RealPage by 0.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after acquiring an additional 100 shares during the period. Bessemer Group Inc. increased its holdings in shares of RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after acquiring an additional 100 shares during the period. Renaissance Group LLC increased its holdings in shares of RealPage by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after acquiring an additional 218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares during the period. 73.58% of the stock is owned by institutional investors and hedge funds.

RP has been the topic of a number of analyst reports. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Benchmark lifted their price target on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. BidaskClub upgraded 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 issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. Finally, KeyCorp started coverage on RealPage in a research note on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.57.

In other news, CEO Stephen T. Winn sold 52,045 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $43.50, for a total value of $2,263,957.50. Following the completion of the transaction, the chief executive officer now owns 2,766,870 shares of the company’s stock, valued at approximately $120,358,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William P. Chaney sold 1,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the executive vice president now directly owns 172,904 shares of the company’s stock, valued at approximately $7,780,680. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,306,149 shares of company stock worth $100,964,671. Company insiders own 30.31% of the company’s stock.

RealPage Inc (RP) opened at $44.75 on Wednesday. RealPage Inc has a one year low of $28.00 and a one year high of $46.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $3,775.16, a price-to-earnings ratio of 82.82 and a beta of 1.08.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. analysts predict that RealPage Inc will post 0.57 earnings per share for the current year.

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About RealPage

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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