RealPage, Inc. (RP) Holdings Lessened by Numeric Investors LLC
Numeric Investors LLC reduced its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 51.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,600 shares of the software maker’s stock after selling 209,807 shares during the quarter. Numeric Investors LLC owned 0.25% of RealPage worth $6,996,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in RealPage by 2.0% during the second 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. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of RealPage by 0.3% in 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 acquiring an additional 100 shares during the last quarter. Martingale Asset Management L P increased its holdings in shares of RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after acquiring an additional 100 shares during the last quarter. Renaissance Group LLC increased its holdings in shares of RealPage by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after acquiring an additional 218 shares during the last quarter. Finally, 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 valued at $102,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 70.49% of the company’s stock.
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Shares of RealPage, Inc. (RP) opened at 39.90 on Monday. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 124.69 and a beta of 1.09. The company’s 50-day moving average is $40.82 and its 200 day moving average is $37.30.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts expect that RealPage, Inc. will post $0.92 EPS for the current fiscal year.
In other RealPage news, EVP Andrew Blount sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total transaction of $697,725.00. Following the completion of the transaction, the executive vice president now owns 179,857 shares of the company’s stock, valued at approximately $7,170,898.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $38.98, for a total value of $6,221,208.00. Following the transaction, the chairman now directly owns 3,352,600 shares of the company’s stock, valued at approximately $130,684,348. The disclosure for this sale can be found here. Insiders sold 1,982,789 shares of company stock valued at $80,002,714 in the last ninety days. Insiders own 33.24% of the company’s stock.
Several analysts recently issued reports on RP shares. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price target (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. KeyCorp assumed coverage on shares of RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price target for the company. Royal Bank Of Canada lifted their price objective on shares of RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.29.
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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