Tygh Capital Management Inc. purchased a new stake in RealPage Inc (NASDAQ:RP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 94,234 shares of the software maker’s stock, valued at approximately $4,175,000.

Several other large investors have also made changes to their positions in the stock. Public Employees Retirement Association of Colorado purchased a new stake in RealPage in the 4th quarter worth about $162,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock worth $171,000 after purchasing an additional 1,018 shares during the period. Bfsg LLC raised its position in RealPage by 21.2% in the 4th quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock worth $327,000 after purchasing an additional 1,291 shares during the period. American Capital Management Inc. raised its position in RealPage by 36.1% in the 4th quarter. American Capital Management Inc. now owns 561,439 shares of the software maker’s stock worth $24,872,000 after purchasing an additional 148,847 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in RealPage by 6.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 280,667 shares of the software maker’s stock worth $12,434,000 after purchasing an additional 17,737 shares during the period. 73.53% of the stock is owned by hedge funds and other institutional investors.

RP has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 price objective on shares of RealPage in a research report on Wednesday, January 17th. Stephens raised their target price on shares of RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, December 29th. Finally, Benchmark raised their target price on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.63.

RealPage Inc (NASDAQ RP) opened at $48.45 on Wednesday. The company has a market cap of $3,874.61, a P/E ratio of 85.00 and a beta of 1.13. RealPage Inc has a 1 year low of $31.70 and a 1 year high of $51.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06.

In related news, CEO Stephen T. Winn sold 52,045 shares of RealPage stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $43.50, for a total transaction of $2,263,957.50. Following the transaction, the chief executive officer now directly owns 2,766,870 shares of the company’s stock, valued at $120,358,845. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $46.90, for a total transaction of $375,200.00. Following the transaction, the chief financial officer now directly owns 174,475 shares in the company, valued at $8,182,877.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,643,467 shares of company stock worth $118,207,199. Corporate insiders own 30.31% of the company’s stock.

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RealPage Company Profile

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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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