CIBC Private Wealth Group LLC raised its position in shares of RealPage Inc (NASDAQ:RP) by 43.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,439 shares of the software maker’s stock after purchasing an additional 2,867 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in RealPage were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in RealPage by 0.7% during the 1st quarter. BlackRock Inc. now owns 3,825,891 shares of the software maker’s stock valued at $197,032,000 after purchasing an additional 24,753 shares during the period. Contour Asset Management LLC increased its position in RealPage by 7.4% during the 1st quarter. Contour Asset Management LLC now owns 2,018,794 shares of the software maker’s stock valued at $103,968,000 after purchasing an additional 139,389 shares during the period. Fred Alger Management Inc. increased its position in RealPage by 316.2% during the 2nd quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock valued at $55,475,000 after purchasing an additional 764,890 shares during the period. King Luther Capital Management Corp increased its position in RealPage by 12.2% during the 1st quarter. King Luther Capital Management Corp now owns 937,103 shares of the software maker’s stock valued at $48,261,000 after purchasing an additional 102,102 shares during the period. Finally, Federated Investors Inc. PA increased its position in RealPage by 20.1% during the 1st quarter. Federated Investors Inc. PA now owns 899,866 shares of the software maker’s stock valued at $46,343,000 after purchasing an additional 150,401 shares during the period. 80.55% of the stock is owned by institutional investors and hedge funds.

In related news, Director Alfred R. Berkeley III sold 4,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $59.23, for a total value of $236,920.00. Following the transaction, the director now directly owns 35,881 shares in the company, valued at approximately $2,125,231.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 45,111 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $59.48, for a total value of $2,683,202.28. Following the completion of the transaction, the insider now owns 16,348,034 shares in the company, valued at $972,381,062.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,158,237 shares of company stock valued at $184,227,804. Insiders own 24.91% of the company’s stock.

Shares of RP stock opened at $58.05 on Friday. The company has a market cap of $5.58 billion, a PE ratio of 161.25 and a beta of 1.07. RealPage Inc has a 52 week low of $38.40 and a 52 week high of $61.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. sell-side analysts expect that RealPage Inc will post 1.03 earnings per share for the current fiscal year.

RP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. KeyCorp raised their price objective on shares of RealPage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, May 4th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Royal Bank of Canada raised their price objective on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. Finally, Morgan Stanley set a $62.00 price objective on shares of RealPage and gave the stock a “buy” rating in a research report on Friday, May 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. RealPage has an average rating of “Buy” and an average price target of $63.88.

About RealPage

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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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