RealPage, Inc. (RP) Stake Raised by Eagle Asset Management Inc.
Eagle Asset Management Inc. grew its position in shares of RealPage, Inc. (NASDAQ:RP) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,505,949 shares of the software maker’s stock after buying an additional 63,354 shares during the quarter. RealPage accounts for 0.6% of Eagle Asset Management Inc.’s portfolio, making the stock its 29th largest position. Eagle Asset Management Inc. owned about 3.02% of RealPage worth $101,365,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of RealPage by 10.6% during the second 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 during the last quarter. Bessemer Group Inc. grew its holdings in shares of 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 during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after buying an additional 485 shares during the last quarter. Bfsg LLC purchased a new stake in shares of RealPage during the second quarter valued at approximately $209,000. Finally, UBS Group AG grew its holdings in shares of RealPage by 28.4% during the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock valued at $210,000 after buying an additional 1,332 shares during the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.
RealPage, Inc. (RP) opened at $44.25 on Friday. The firm has a market cap of $3,667.40, a P/E ratio of 80.45 and a beta of 1.09. 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.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The business had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. equities analysts expect that RealPage, Inc. will post 0.57 EPS for the current year.
In other RealPage news, CEO Stephen T. Winn sold 27,930 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $40.79, for a total value of $1,139,264.70. Following the transaction, the chief executive officer now directly owns 3,224,670 shares in the company, valued at $131,534,289.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 188,601 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was 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 owns 17,815,796 shares in the company, valued at $776,234,231.72. The disclosure for this sale can be found here. Insiders sold 2,250,628 shares of company stock worth $93,281,341 over the last quarter. Insiders own 33.24% of the company’s stock.
A number of research analysts recently weighed in on RP shares. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Benchmark Co. increased their price objective on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. Finally, KeyCorp started coverage on shares of RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $46.57.
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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