Royal Bank Of Canada restated their hold rating on shares of RealPage, Inc. (NASDAQ:RP) in a research report report published on Monday morning. Royal Bank Of Canada currently has a $38.00 price objective on the software maker’s stock.
RP has been the subject of a number of other reports. Zacks Investment Research upgraded RealPage from a sell rating to a hold rating in a report on Tuesday, July 11th. JMP Securities restated an outperform rating and set a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. Finally, Deutsche Bank AG upped their price objective on RealPage from $38.00 to $40.00 and gave the stock a buy rating in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $37.00.
Shares of RealPage (NASDAQ:RP) traded down 0.064% during trading on Monday, hitting $39.275. 54,191 shares of the stock were exchanged. The stock’s 50 day moving average price is $36.71 and its 200 day moving average price is $34.71. The stock has a market cap of $3.07 billion, a PE ratio of 144.926 and a beta of 1.10. RealPage has a one year low of $23.69 and a one year high of $40.05.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. RealPage had a return on equity of 10.51% and a net margin of 3.69%. The business had revenue of $153.62 million during the quarter, compared to the consensus estimate of $152.21 million. During the same period in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. Equities research analysts predict that RealPage will post $0.92 EPS for the current year.
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In related news, major shareholder Seren Capital, Ltd. sold 47,880 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $37.17, for a total transaction of $1,779,699.60. Following the completion of the transaction, the insider now directly owns 18,590,136 shares in the company, valued at approximately $690,995,355.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen T. Winn sold 27,930 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $37.17, for a total value of $1,038,158.10. Following the transaction, the chief executive officer now owns 3,530,528 shares of the company’s stock, valued at $131,229,725.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,352,610 shares of company stock valued at $47,682,056. 33.24% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RP. State Street Corp boosted its position in RealPage by 4.0% in the fourth quarter. State Street Corp now owns 971,943 shares of the software maker’s stock valued at $29,157,000 after buying an additional 37,156 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in RealPage by 549.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,307 shares of the software maker’s stock valued at $2,739,000 after buying an additional 77,246 shares during the last quarter. Guggenheim Capital LLC acquired a new position in RealPage during the fourth quarter valued at about $222,000. AQR Capital Management LLC boosted its position in RealPage by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 67,940 shares of the software maker’s stock valued at $2,038,000 after buying an additional 3,931 shares during the last quarter. Finally, Norges Bank acquired a new position in RealPage during the fourth quarter valued at about $12,910,000. 66.69% of the stock is owned by institutional investors.
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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