Blair William & Co. IL Buys 184,138 Shares of RealPage, Inc. (RP)
Blair William & Co. IL increased its position in RealPage, Inc. (NASDAQ:RP) by 44.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 596,731 shares of the software maker’s stock after buying an additional 184,138 shares during the period. Blair William & Co. IL owned approximately 0.76% of RealPage worth $21,452,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of RealPage during the first quarter worth about $163,000. Bessemer Group Inc. boosted its stake in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares during the period. Gotham Asset Management LLC bought a new stake in shares of RealPage during the first quarter worth about $200,000. UBS Group AG boosted its stake in shares of RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock worth $210,000 after buying an additional 1,332 shares during the period. Finally, Guggenheim Capital LLC bought a new stake in shares of RealPage during the fourth quarter worth about $222,000. 67.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of RealPage, Inc. (NASDAQ:RP) opened at 41.70 on Friday. The firm has a 50 day moving average price of $38.93 and a 200 day moving average price of $36.03. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $43.65. The stock has a market cap of $3.30 billion, a PE ratio of 130.31 and a beta of 1.11.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. On average, equities analysts expect that RealPage, Inc. will post $0.93 EPS for the current year.
A number of brokerages recently issued reports on RP. Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 price objective (up previously from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of RealPage in a report on Wednesday, August 9th. JMP Securities reaffirmed an “outperform” rating and issued a $43.00 price target on shares of RealPage in a report on Friday, May 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $47.00 price target (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.83.
In related news, EVP Ashley Chaffin Glover sold 9,192 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total value of $383,766.00. Following the sale, the executive vice president now directly owns 120,976 shares in the company, valued at $5,050,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William P. Chaney sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $41.30, for a total value of $619,500.00. Following the completion of the sale, the executive vice president now owns 196,339 shares in the company, valued at $8,108,800.70. The disclosure for this sale can be found here. Insiders sold 1,473,612 shares of company stock worth $53,481,100 over the last quarter. 33.24% of the stock is owned by company insiders.
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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