Teachers Advisors LLC lowered its stake in RealPage, Inc. (NASDAQ:RP) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,738 shares of the software maker’s stock after selling 4,580 shares during the period. Teachers Advisors LLC owned approximately 0.58% of RealPage worth $15,870,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Sei Investments Co. increased its position in RealPage by 0.5% in the first quarter. Sei Investments Co. now owns 173,525 shares of the software maker’s stock valued at $6,056,000 after buying an additional 907 shares during the last quarter. Nationwide Fund Advisors increased its position in RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after buying an additional 948 shares during the last quarter. Swiss National Bank increased its position in RealPage by 1.3% in the first quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after buying an additional 1,200 shares during the last quarter. American International Group Inc. increased its position in RealPage by 5.3% in the first quarter. American International Group Inc. now owns 32,746 shares of the software maker’s stock valued at $1,143,000 after buying an additional 1,660 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in RealPage by 11.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,988 shares of the software maker’s stock valued at $1,326,000 after buying an additional 3,823 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RealPage, Inc. (RP) opened at 37.40 on Tuesday. RealPage, Inc. has a 12 month low of $23.62 and a 12 month high of $38.65. The firm has a market capitalization of $2.93 billion, a P/E ratio of 138.01 and a beta of 1.10. The stock has a 50 day moving average price of $35.21 and a 200 day moving average price of $33.76.
RealPage (NASDAQ:RP) last issued its earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $153.62 million for the quarter, compared to analysts’ expectations of $152.21 million. RealPage had a net margin of 3.69% and a return on equity of 10.51%. RealPage’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. On average, analysts expect that RealPage, Inc. will post $0.92 earnings per share for the current year.
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Several brokerages have recently issued reports on RP. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities reaffirmed an “outperform” rating and issued a $43.00 price target on shares of RealPage in a research report on Friday, May 5th. Deutsche Bank AG raised their price target on RealPage from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $35.00 price target on shares of RealPage in a research report on Friday, March 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.00.
In related news, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $34.41, for a total value of $5,491,836.00. Following the transaction, the chairman now owns 3,789,472 shares in the company, valued at approximately $130,395,731.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $35.19, for a total transaction of $3,369,794.40. Following the completion of the transaction, the insider now owns 18,965,016 shares in the company, valued at approximately $667,378,913.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,352,610 shares of company stock worth $47,682,056. 33.24% of the stock is owned by insiders.
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.
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