Investment analysts at KeyCorp assumed coverage on shares of RealPage (NASDAQ:RP) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $76.00 price target on the software maker’s stock. KeyCorp’s price target would suggest a potential upside of 19.74% from the stock’s current price.

A number of other brokerages have also commented on RP. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Keefe, Bruyette & Woods initiated coverage on RealPage in a research report on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price objective for the company. DA Davidson initiated coverage on BRT Apartments in a research report on Thursday, March 28th. They set a “buy” rating and a $16.00 price objective for the company. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Finally, Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $66.67.

Shares of RP stock opened at $63.47 on Tuesday. The company’s 50-day moving average price is $59.79. RealPage has a 12 month low of $42.90 and a 12 month high of $66.25. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 57.70 and a beta of 1.40. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The firm had revenue of $234.30 million for the quarter, compared to analyst estimates of $234.16 million. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts forecast that RealPage will post 1.26 EPS for the current year.

In other RealPage news, EVP William P. Chaney sold 27,500 shares of RealPage stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $57.73, for a total value of $1,587,575.00. Following the completion of the sale, the executive vice president now directly owns 127,250 shares in the company, valued at $7,346,142.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen T. Winn sold 150,000 shares of RealPage stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $59.21, for a total value of $8,881,500.00. Following the completion of the sale, the chief executive officer now owns 1,217,538 shares of the company’s stock, valued at $72,090,424.98. The disclosure for this sale can be found here. Insiders have sold 981,793 shares of company stock valued at $57,315,347 over the last 90 days. 17.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of RP. Northern Trust Corp increased its holdings in RealPage by 0.6% in the fourth quarter. Northern Trust Corp now owns 379,802 shares of the software maker’s stock worth $18,303,000 after purchasing an additional 2,337 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in RealPage by 38.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,699 shares of the software maker’s stock worth $404,000 after purchasing an additional 2,425 shares in the last quarter. Hsbc Holdings PLC bought a new stake in RealPage in the fourth quarter worth approximately $846,000. United Services Automobile Association increased its holdings in RealPage by 171.7% in the fourth quarter. United Services Automobile Association now owns 30,322 shares of the software maker’s stock worth $1,461,000 after purchasing an additional 19,160 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in RealPage by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock worth $18,237,000 after purchasing an additional 24,246 shares in the last quarter. Institutional investors and hedge funds own 88.24% 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Analyst Recommendations for RealPage (NASDAQ:RP)

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