Zacks Investment Research upgraded shares of RealPage, Inc. (NASDAQ:RP) from a sell rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

A number of other analysts have also weighed in on RP. JMP Securities reissued an outperform rating and issued a $43.00 price target on shares of RealPage in a report on Friday, May 5th. Deutsche Bank AG raised their price target on shares of RealPage from $38.00 to $40.00 and gave the company a buy rating in a report on Friday, May 5th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $35.00 price target on shares of RealPage in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $36.00.

RealPage (NASDAQ RP) opened at 37.45 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 138.19 and a beta of 1.10. The company has a 50-day moving average price of $35.21 and a 200-day moving average price of $33.76. RealPage has a one year low of $23.62 and a one year high of $38.65.

RealPage (NASDAQ:RP) last posted its earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. RealPage had a net margin of 3.69% and a return on equity of 10.51%. The company had revenue of $153.62 million during the quarter, compared to analysts’ expectations of $152.21 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. RealPage’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities research analysts anticipate that RealPage will post $0.92 EPS for the current year.

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In related news, Chairman Stephen T. Winn sold 159,600 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $35.19, for a total value of $5,616,324.00. Following the sale, the chairman now directly owns 3,842,140 shares of the company’s stock, valued at approximately $135,204,906.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $34.41, for a total transaction of $3,295,101.60. Following the completion of the sale, the insider now directly owns 18,869,256 shares in the company, valued at $649,291,098.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,352,610 shares of company stock worth $47,682,056. Insiders own 33.24% of the company’s stock.

A number of large investors have recently bought and sold shares of RP. Ameritas Investment Partners Inc. bought a new stake in RealPage during the first quarter valued at approximately $163,000. Gotham Asset Management LLC bought a new stake in RealPage during the first quarter valued at approximately $200,000. UBS Group AG boosted its stake in RealPage by 28.4% in 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 in the last quarter. Guggenheim Capital LLC bought a new stake in RealPage during the fourth quarter valued at approximately $222,000. Finally, Amalgamated Bank bought a new stake in RealPage during the first quarter valued at approximately $231,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

About RealPage

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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