Janus Henderson Group PLC Increases Holdings in RealPage Inc (RP)
Janus Henderson Group PLC boosted its position in RealPage Inc (NASDAQ:RP) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,194,363 shares of the software maker’s stock after purchasing an additional 195,891 shares during the period. Janus Henderson Group PLC owned about 3.85% of RealPage worth $127,455,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Martingale Asset Management L P lifted its position in shares of RealPage by 1.4% during the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of RealPage by 0.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after buying an additional 100 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares in the last quarter. Renaissance Group LLC lifted its position in shares of RealPage by 2.4% during the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after buying an additional 218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of RealPage Inc (NASDAQ RP) opened at $44.25 on Wednesday. The stock has a market capitalization of $3,659.13, a P/E ratio of 80.27 and a beta of 1.08. RealPage Inc has a 12 month low of $28.00 and a 12 month high of $46.80. 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 (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. equities analysts forecast that RealPage Inc will post 0.57 earnings per share for the current fiscal year.
In related news, Chairman Stephen T. Winn sold 310,411 shares of RealPage stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total transaction of $12,478,522.20. Following the sale, the chairman now owns 3,050,264 shares of the company’s stock, valued at approximately $122,620,612.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 186,246 shares of RealPage stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $7,487,089.20. Following the sale, the insider now directly owns 18,139,354 shares in the company, valued at approximately $729,202,030.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,548,741 shares of company stock worth $109,671,116 in the last three months. 30.31% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on RP. BidaskClub cut RealPage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Morgan Stanley began coverage on RealPage in a research report on Monday, November 20th. They set an “equal weight” rating and a $48.00 price objective on the stock. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Benchmark lifted their price objective on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.57.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/janus-henderson-group-plc-increases-holdings-in-realpage-inc-rp/1760829.html.
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.
Want to see what other hedge funds are holding RP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealPage Inc (NASDAQ:RP).
Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with Analyst Ratings Network's FREE daily email newsletter.