RealPage (NASDAQ:RP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $52.00 target price on the software maker’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.29% from the company’s previous close.

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. “

RP has been the topic of a number of other research reports. Benchmark raised their price objective on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th. 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 objective on the stock. Finally, Stephens raised their price objective on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, December 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.13.

Shares of RealPage (NASDAQ RP) traded up $0.75 during mid-day trading on Wednesday, reaching $47.15. The company had a trading volume of 601,400 shares, compared to its average volume of 504,333. RealPage has a 12 month low of $28.00 and a 12 month high of $47.53. The company has a market capitalization of $3,910.00, a P/E ratio of 134.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06.

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

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William P. Chaney sold 1,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now owns 172,904 shares of the company’s stock, valued at $7,780,680. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,635,467 shares of company stock valued at $117,831,999. 30.31% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Calamos Advisors LLC purchased a new position in shares of RealPage in the third quarter worth about $10,069,000. PNC Financial Services Group Inc. raised its stake in shares of RealPage by 83.9% in the second quarter. PNC Financial Services Group Inc. now owns 139,901 shares of the software maker’s stock worth $5,029,000 after purchasing an additional 63,843 shares during the last quarter. Contour Asset Management LLC purchased a new position in shares of RealPage in the second quarter worth about $16,044,000. BlackRock Inc. raised its stake in shares of RealPage by 4.8% in the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after purchasing an additional 163,752 shares during the last quarter. Finally, Castleark Management LLC raised its stake in shares of RealPage by 146.9% in the second quarter. Castleark Management LLC now owns 396,604 shares of the software maker’s stock worth $14,258,000 after purchasing an additional 235,976 shares during the last quarter. Hedge funds and other institutional investors own 73.58% 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.

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