RealPage (NASDAQ:RP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $58.00 price target on the software maker’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.66% from the stock’s previous close.

According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

RP has been the subject of a number of other reports. Morgan Stanley set a $63.00 price objective on shares of RealPage and gave the stock a “buy” rating in a report on Friday, November 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 price objective on shares of RealPage in a report on Friday, November 2nd. BidaskClub downgraded shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $72.00 price objective (down from $84.00) on shares of RealPage in a report on Friday, September 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $63.00.

NASDAQ:RP traded down $2.07 during trading hours on Thursday, hitting $51.03. The stock had a trading volume of 1,091,582 shares, compared to its average volume of 926,561. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.96. RealPage has a one year low of $43.00 and a one year high of $66.25. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 141.75 and a beta of 1.32.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, November 1st. The software maker reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. RealPage had a net margin of 0.91% and a return on equity of 10.55%. The firm had revenue of $224.95 million during the quarter, compared to the consensus estimate of $221.33 million. During the same period last year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Equities research analysts expect that RealPage will post 1.06 EPS for the current fiscal year.

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $58.17, for a total value of $465,360.00. Following the transaction, the chief financial officer now owns 176,341 shares in the company, valued at $10,257,755.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Stephen T. Winn sold 494,968 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $61.05, for a total transaction of $30,217,796.40. Following the completion of the transaction, the chairman now owns 1,336,783 shares in the company, valued at approximately $81,610,602.15. The disclosure for this sale can be found here. Insiders have sold a total of 2,448,912 shares of company stock valued at $151,645,875 over the last ninety days. 24.91% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in RP. Principal Financial Group Inc. increased its position in shares of RealPage by 5.7% in the first quarter. Principal Financial Group Inc. now owns 50,945 shares of the software maker’s stock valued at $2,624,000 after acquiring an additional 2,735 shares during the period. UBS Group AG increased its position in shares of RealPage by 17.5% in the first quarter. UBS Group AG now owns 18,581 shares of the software maker’s stock valued at $956,000 after acquiring an additional 2,762 shares during the period. LPL Financial LLC purchased a new position in shares of RealPage in the first quarter valued at about $280,000. Allianz Asset Management GmbH increased its position in shares of RealPage by 190.8% in the first quarter. Allianz Asset Management GmbH now owns 409,339 shares of the software maker’s stock valued at $21,081,000 after acquiring an additional 268,570 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of RealPage in the second quarter valued at about $470,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

RealPage Company Profile

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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