10,300 Shares in RealPage Inc (RP) Purchased by Caxton Associates LP
Caxton Associates LP acquired a new stake in RealPage Inc (NASDAQ:RP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,300 shares of the software maker’s stock, valued at approximately $411,000.
Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of RealPage by 140.8% during the first quarter. Dimensional Fund Advisors LP now owns 219,894 shares of the software maker’s stock worth $7,674,000 after purchasing an additional 128,587 shares in the last quarter. Strs Ohio purchased a new stake in shares of RealPage during the second quarter worth approximately $614,000. Bessemer Group Inc. increased its position in shares of RealPage by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of RealPage during the second quarter worth approximately $3,511,000. Finally, Rhumbline Advisers increased its position in shares of RealPage by 6.3% during the second quarter. Rhumbline Advisers now owns 66,413 shares of the software maker’s stock worth $2,388,000 after purchasing an additional 3,964 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.
In other news, major shareholder Seren Capital, Ltd. sold 153,154 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $39.93, for a total value of $6,115,439.22. Following the transaction, the insider now owns 18,025,752 shares of the company’s stock, valued at approximately $719,768,277.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William P. Chaney sold 1,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $7,780,680. The disclosure for this sale can be found here. Insiders have sold 2,285,399 shares of company stock worth $100,043,041 in the last three months. 30.31% of the stock is currently owned by corporate insiders.
Several analysts recently commented on the company. Benchmark boosted their price target on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley assumed coverage on RealPage in a research report on Monday, November 20th. They set an “equal weight” rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.57.
RealPage Inc (NASDAQ:RP) opened at $44.50 on Thursday. The firm has a market capitalization of $3,667.42, a price-to-earnings ratio of 80.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. RealPage Inc has a 12 month low of $28.00 and a 12 month high of $46.80.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 earnings per share. equities analysts forecast that RealPage Inc will post 0.57 EPS for the current fiscal year.
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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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