Lazard Asset Management LLC Sells 151,312 Shares of RealPage Inc (RP)
Lazard Asset Management LLC cut its stake in shares of RealPage Inc (NASDAQ:RP) by 80.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,735 shares of the software maker’s stock after selling 151,312 shares during the period. Lazard Asset Management LLC’s holdings in RealPage were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in RealPage by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,801,138 shares of the software maker’s stock valued at $168,391,000 after purchasing an additional 89,642 shares during the period. Janus Henderson Group PLC raised its position in RealPage by 6.5% during the third quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock valued at $127,455,000 after purchasing an additional 195,891 shares during the period. Eagle Asset Management Inc. raised its position in RealPage by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock valued at $101,365,000 after purchasing an additional 63,354 shares during the period. Carillon Tower Advisers Inc. purchased a new stake in RealPage during the fourth quarter valued at approximately $69,482,000. Finally, Rothschild Asset Management Inc. raised its position in RealPage by 6.9% during the third quarter. Rothschild Asset Management Inc. now owns 1,246,602 shares of the software maker’s stock valued at $49,739,000 after purchasing an additional 80,582 shares during the period. Institutional investors and hedge funds own 79.23% of the company’s stock.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, January 10th. KeyCorp increased their price target on RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley upgraded RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Tuesday, January 30th. Finally, Benchmark increased their price target on RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $54.00.
Shares of RealPage Inc (NASDAQ:RP) opened at $53.60 on Friday. The company has a quick ratio of 1.06, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. RealPage Inc has a fifty-two week low of $32.30 and a fifty-two week high of $54.95. The firm has a market capitalization of $4,453.84, a P/E ratio of 99.26 and a beta of 1.04.
WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/03/11/lazard-asset-management-llc-sells-151312-shares-of-realpage-inc-rp.html.
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.
Want to see what other hedge funds are holding RP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealPage Inc (NASDAQ:RP).
Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.