Los Angeles Capital Management & Equity Research Inc. Increases Holdings in RealPage, Inc. (RP)
Los Angeles Capital Management & Equity Research Inc. raised its stake in RealPage, Inc. (NASDAQ:RP) by 69.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,368 shares of the software maker’s stock after acquiring an additional 26,280 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.08% of RealPage worth $2,568,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of RealPage by 2.0% in the 2nd 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 last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after buying an additional 485 shares during the last quarter. Bfsg LLC bought a new stake in shares of RealPage in the 2nd quarter worth about $209,000. Finally, UBS Group AG increased its holdings in shares of RealPage by 28.4% in the 1st 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 last quarter. Institutional investors own 70.60% of the company’s stock.
In related news, major shareholder Seren Capital, Ltd. sold 188,601 shares of RealPage stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $43.57, for a total transaction of $8,217,345.57. Following the completion of the transaction, the insider now directly owns 17,815,796 shares of the company’s stock, valued at approximately $776,234,231.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen T. Winn sold 52,045 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,766,870 shares of the company’s stock, valued at $120,358,845. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,250,628 shares of company stock valued at $93,281,341. 33.24% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on RP shares. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Benchmark Co. boosted 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. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Finally, KeyCorp started coverage on shares of RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. RealPage currently has an average rating of “Buy” and a consensus price target of $46.57.
RealPage, Inc. (RP) opened at $44.00 on Friday. RealPage, Inc. has a 52 week low of $28.00 and a 52 week high of $45.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market cap of $3,646.70, a PE ratio of 80.00 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The firm had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $170.73 million. During the same period in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. analysts predict that RealPage, Inc. will post 0.57 earnings per share 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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