BidaskClub downgraded shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a research report sent to investors on Thursday.

RP has been the subject of a number of other research reports. Morgan Stanley began coverage on RealPage in a research report on Monday, November 20th. They set an equal weight rating and a $48.00 price target for the company. Zacks Investment Research downgraded RealPage from a hold rating to a sell rating in a research report on Wednesday, November 8th. Benchmark lifted their price target on RealPage from $43.00 to $51.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a hold rating and set a $42.00 price target on shares of RealPage in a research report on Monday, September 11th. Finally, KeyCorp began coverage on RealPage in a research report on Thursday, September 7th. They set an overweight rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $46.57.

RealPage (NASDAQ:RP) opened at $45.55 on Thursday. RealPage has a 12 month low of $28.00 and a 12 month high of $46.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3,775.14, a PE ratio of 82.82 and a beta of 1.08.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. equities analysts expect that RealPage will post 0.57 earnings per share for the current year.

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $44.36, for a total value of $354,880.00. Following the transaction, the chief financial officer now directly owns 193,310 shares of the company’s stock, valued at approximately $8,575,231.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 153,154 shares of RealPage stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $39.93, for a total value of $6,115,439.22. Following the completion of the transaction, the insider now directly owns 18,025,752 shares in the company, valued at $719,768,277.36. The disclosure for this sale can be found here. Insiders sold a total of 2,303,399 shares of company stock valued at $100,840,921 in the last 90 days. 30.31% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in RealPage by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock worth $165,700,000 after purchasing an additional 172,131 shares during the period. Stockbridge Partners LLC increased its stake in shares of RealPage by 26.2% during the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after buying an additional 790,297 shares during the period. BlackRock Inc. increased its stake in shares of RealPage by 4.8% during the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after buying an additional 163,752 shares during the period. Janus Henderson Group PLC increased its stake in shares of RealPage by 6.5% during the third quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock valued at $127,455,000 after buying an additional 195,891 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of RealPage by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock valued at $101,365,000 after buying an additional 63,354 shares during the period. 73.64% of the stock is currently owned by institutional investors and hedge funds.

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RealPage Company Profile

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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