Lisanti Capital Growth LLC Has $486,000 Stake in RealPage Inc (RP)
Lisanti Capital Growth LLC lessened its position in shares of RealPage Inc (NASDAQ:RP) by 72.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,370 shares of the software maker’s stock after selling 19,095 shares during the quarter. Lisanti Capital Growth LLC’s holdings in RealPage were worth $486,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its holdings in RealPage by 610.5% in the 2nd quarter. Marshall Wace LLP now owns 105,989 shares of the software maker’s stock valued at $5,840,000 after purchasing an additional 91,072 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in RealPage by 2.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 683,268 shares of the software maker’s stock valued at $45,027,000 after purchasing an additional 17,952 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in RealPage by 2.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after purchasing an additional 875 shares during the last quarter. Millennium Management LLC increased its holdings in RealPage by 10,937.8% in the 2nd quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after purchasing an additional 797,364 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in RealPage in the 3rd quarter valued at approximately $2,049,000. 81.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RP stock opened at $51.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.96. The firm has a market cap of $5.12 billion, a P/E ratio of 59.33 and a beta of 1.32. RealPage Inc has a 12 month low of $43.00 and a 12 month high of $66.25.
RP has been the subject of several research reports. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Royal Bank of Canada boosted their price target on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research note on Friday, August 3rd. KeyCorp boosted their price target on shares of RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley set a $63.00 price target on shares of RealPage and gave the stock a “buy” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $63.00.
In related news, CEO Stephen T. Winn sold 150,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $64.62, for a total transaction of $9,693,000.00. Following the completion of the transaction, the chief executive officer now owns 1,086,819 shares in the company, valued at $70,230,243.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $58.17, for a total transaction of $465,360.00. Following the transaction, the chief financial officer now owns 176,341 shares of the company’s stock, valued at approximately $10,257,755.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,448,912 shares of company stock valued at $151,645,875. Insiders own 24.91% of the company’s stock.
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RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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