BidaskClub downgraded shares of RealPage (NASDAQ:RP) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

RP has been the subject of a number of other reports. Benchmark boosted their target price on shares of RealPage from $43.00 to $51.00 and gave the company a buy rating in a research note on Wednesday, November 1st. Royal Bank Of Canada restated a sector perform rating and issued a $42.00 price objective (up from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research downgraded RealPage from a hold rating to a sell rating in a report on Wednesday, November 8th. Morgan Stanley began coverage on RealPage in a report on Monday, November 20th. They issued an equal weight rating and a $48.00 price objective for the company. Finally, Deutsche Bank restated a buy rating and issued a $45.00 price objective (up from $42.00) on shares of RealPage in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $46.57.

Shares of RealPage (NASDAQ:RP) traded up $0.35 on Wednesday, hitting $43.85. 588,500 shares of the stock were exchanged, compared to its average volume of 538,547. The stock has a market capitalization of $3,605.26, a price-to-earnings ratio of 79.09 and a beta of 1.08. RealPage has a 1 year low of $28.00 and a 1 year high of $46.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06.

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

In other news, CFO W Bryan Hill sold 5,800 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total transaction of $231,536.00. Following the transaction, the chief financial officer now owns 237,367 shares in the company, valued at $9,475,690.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Stephen T. Winn sold 421,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.41, for a total transaction of $19,117,610.00. The disclosure for this sale can be found here. Insiders sold 2,553,541 shares of company stock valued at $109,857,652 over the last quarter. 30.31% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of RP. Bessemer Group Inc. boosted its position in RealPage by 2.0% in 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. Los Angeles Capital Management & Equity Research Inc. boosted its position in RealPage by 0.3% in the second 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 buying an additional 100 shares during the last quarter. Martingale Asset Management L P boosted its position in RealPage by 1.4% in the second quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after buying an additional 100 shares during the last quarter. Renaissance Group LLC boosted its position in RealPage by 2.4% in the second quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after buying an additional 218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in RealPage by 10.6% in 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. Hedge funds and other institutional investors own 73.64% of the company’s stock.

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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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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