William Blair Investment Management LLC Has $13.20 Million Holdings in RealPage Inc (RP)
William Blair Investment Management LLC grew its position in shares of RealPage Inc (NASDAQ:RP) by 17.3% during the third quarter, Holdings Channel reports. The fund owned 200,253 shares of the software maker’s stock after purchasing an additional 29,590 shares during the quarter. William Blair Investment Management LLC’s holdings in RealPage were worth $13,197,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in RealPage by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 50,945 shares of the software maker’s stock valued at $2,624,000 after purchasing an additional 2,735 shares during the last quarter. Bank of Montreal Can raised its stake in shares of RealPage by 3,103.8% in the second quarter. Bank of Montreal Can now owns 7,593 shares of the software maker’s stock worth $418,000 after acquiring an additional 7,356 shares during the last quarter. First Manhattan Co. raised its stake in shares of RealPage by 78.9% in the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after acquiring an additional 1,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of RealPage in the second quarter worth about $1,193,000. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of RealPage by 71.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,272 shares of the software maker’s stock worth $346,000 after acquiring an additional 2,604 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on RP shares. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, November 8th. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 target price (down from $84.00) on shares of RealPage in a research note on Friday, September 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of RealPage in a research note on Friday, November 2nd. Morgan Stanley set a $63.00 target price on shares of RealPage and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 5th. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $63.00.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $224.95 million during the quarter, compared to the consensus estimate of $221.33 million. RealPage had a net margin of 0.91% and a return on equity of 10.55%. RealPage’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, equities research analysts anticipate that RealPage Inc will post 1.06 earnings per share for the current fiscal year.
In related news, EVP William P. Chaney sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $50.04, for a total transaction of $2,502,000.00. Following the completion of the transaction, the executive vice president now owns 99,575 shares in the company, valued at $4,982,733. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Stephen T. Winn sold 313,110 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $61.68, for a total transaction of $19,312,624.80. Following the transaction, the chairman now owns 1,164,579 shares of the company’s stock, valued at approximately $71,831,232.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,883,109 shares of company stock valued at $111,416,765. 24.91% of the stock is currently owned by insiders.
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RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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