Jane Street Group LLC Purchases New Holdings in RealPage Inc (RP)
Jane Street Group LLC purchased a new stake in RealPage Inc (NASDAQ:RP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,422 shares of the software maker’s stock, valued at approximately $2,730,000. Jane Street Group LLC owned approximately 0.08% of RealPage at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Calamos Advisors LLC acquired a new stake in shares of RealPage in the third quarter valued at approximately $10,069,000. PNC Financial Services Group Inc. grew its holdings in RealPage by 83.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 139,901 shares of the software maker’s stock worth $5,029,000 after acquiring an additional 63,843 shares during the period. Contour Asset Management LLC acquired a new stake in RealPage during the 2nd quarter worth $16,044,000. BlackRock Inc. grew its holdings in RealPage by 4.8% during the 2nd quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after acquiring an additional 163,752 shares during the period. Finally, Castleark Management LLC grew its holdings in RealPage by 146.9% during the 2nd quarter. Castleark Management LLC now owns 396,604 shares of the software maker’s stock worth $14,258,000 after acquiring an additional 235,976 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.
RP has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of RealPage in a report on Monday, November 20th. They set an “equal weight” rating and a $48.00 target price for the company. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Finally, Benchmark lifted their target price on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. RealPage presently has an average rating of “Buy” and an average target price of $46.57.
In related news, CFO W Bryan Hill sold 5,800 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total value of $231,536.00. Following the sale, the chief financial officer now directly owns 237,367 shares of the company’s stock, valued at approximately $9,475,690.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Stephen T. Winn sold 421,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.41, for a total transaction of $19,117,610.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,553,541 shares of company stock worth $109,857,652. Insiders own 30.31% of the company’s stock.
RealPage Inc (NASDAQ RP) opened at $44.35 on Friday. The firm has a market cap of $3,675.68, a price-to-earnings ratio of 80.64 and a beta of 1.08. RealPage Inc has a 52-week low of $28.00 and a 52-week high of $46.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. research analysts anticipate that RealPage Inc will post 0.57 EPS for the current year.
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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