Great Lakes Advisors LLC Invests $1.05 Million in RealPage Inc (RP) Stock
Great Lakes Advisors LLC purchased a new position in shares of RealPage Inc (NASDAQ:RP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,000 shares of the software maker’s stock, valued at approximately $1,054,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RP. Massmutual Trust Co. FSB ADV increased its holdings in shares of RealPage by 9.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 12,099 shares of the software maker’s stock valued at $797,000 after purchasing an additional 1,062 shares during the period. First Manhattan Co. increased its holdings in shares of RealPage by 78.9% in the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after purchasing an additional 1,500 shares during the period. Sei Investments Co. increased its holdings in shares of RealPage by 0.9% in the second quarter. Sei Investments Co. now owns 195,877 shares of the software maker’s stock valued at $10,794,000 after purchasing an additional 1,726 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of RealPage in the third quarter valued at approximately $131,000. Finally, Price Capital Management Inc. acquired a new position in shares of RealPage in the third quarter valued at approximately $132,000. 83.79% of the stock is currently owned by institutional investors.
RealPage stock opened at $51.17 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. RealPage Inc has a 1-year low of $42.90 and a 1-year high of $66.25. The company has a market capitalization of $4.73 billion, a P/E ratio of 142.14 and a beta of 1.36.
A number of research analysts have recently issued reports on the company. Royal Bank of Canada raised RealPage from a “sector perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Wednesday, November 21st. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, November 8th. Morgan Stanley set a $63.00 price target on RealPage and gave the company a “buy” rating in a research note on Friday, November 2nd. BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, KeyCorp restated an “overweight” rating and issued a $72.00 price target (down from $84.00) on shares of RealPage in a research note on Friday, September 14th. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $63.00.
In other RealPage news, Chairman Stephen T. Winn sold 313,110 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $61.68, for a total transaction of $19,312,624.80. Following the sale, the chairman now directly owns 1,164,579 shares in the company, valued at $71,831,232.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William P. Chaney sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $50.04, for a total value of $2,502,000.00. Following the sale, the executive vice president now owns 99,575 shares in the company, valued at $4,982,733. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,978,944 shares of company stock worth $116,191,414. Company insiders own 24.91% of the company’s stock.
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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