RealPage, Inc. (RP) Stake Increased by Eaton Vance Management

Eaton Vance Management grew its holdings in RealPage, Inc. (NASDAQ:RP) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 547,171 shares of the software maker’s stock after buying an additional 7,384 shares during the period. Eaton Vance Management owned 0.66% of RealPage worth $19,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RP. Bessemer Group Inc. lifted its holdings in RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in RealPage by 0.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock worth $1,369,000 after purchasing an additional 100 shares during the last quarter. Renaissance Group LLC lifted its holdings in RealPage by 2.4% during the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock worth $339,000 after purchasing an additional 218 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after purchasing an additional 272 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in RealPage by 2.0% during the 1st quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock worth $733,000 after purchasing an additional 402 shares during the last quarter. 70.49% of the stock is owned by institutional investors.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 47,880 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $41.73, for a total transaction of $1,998,032.40. Following the sale, the insider now owns 18,298,476 shares in the company, valued at $763,595,403.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alfred R. Berkeley III sold 3,500 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the sale, the director now owns 45,038 shares in the company, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,658,454 shares of company stock worth $64,670,970. Company insiders own 33.24% of the company’s stock.

RP has been the subject of several research reports. Deutsche Bank AG lifted their price target on RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 15th. JMP Securities reissued an “outperform” rating and set a $43.00 price target on shares of RealPage in a report on Monday, May 15th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price target on shares of RealPage in a report on Monday, July 24th. Finally, Stephens reissued an “overweight” rating and set a $47.00 price target (up from $42.00) on shares of RealPage in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.29.

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RealPage, Inc. (NASDAQ RP) opened at 41.85 on Friday. The firm has a 50-day moving average price of $40.61 and a 200 day moving average price of $36.97. RealPage, Inc. has a one year low of $23.69 and a one year high of $43.65. The firm has a market capitalization of $3.31 billion, a PE ratio of 130.78 and a beta of 1.06.

RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. Analysts anticipate that RealPage, Inc. will post $0.93 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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