Royal Bank Of Canada Reiterates “Hold” Rating for RealPage, Inc. (RP)

RealPage, Inc. (NASDAQ:RP)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Monday. They presently have a $42.00 price objective on the software maker’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.09% from the company’s previous close.

RP has been the topic of several other research reports. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 price objective (up previously from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Stephens restated an “overweight” rating and issued a $47.00 price objective (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. JMP Securities restated an “outperform” rating and issued a $43.00 price objective on shares of RealPage in a research report on Monday, May 15th. Finally, BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.29.

RealPage (NASDAQ:RP) opened at 40.35 on Monday. The company has a market cap of $3.19 billion, a PE ratio of 126.09 and a beta of 1.06. RealPage has a 52 week low of $23.69 and a 52 week high of $43.65. The stock has a 50 day moving average of $40.70 and a 200 day moving average of $37.07.

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

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In other RealPage news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $36.95, for a total value of $3,538,332.00. Following the completion of the sale, the insider now directly owns 18,590,136 shares in the company, valued at approximately $686,905,525.20. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $37.17, for a total value of $1,038,158.10. Following the completion of the sale, 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 sold 1,403,094 shares of company stock valued at $55,751,245. 33.24% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in RealPage by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock valued at $165,700,000 after buying an additional 172,131 shares in the last quarter. Stockbridge Partners LLC grew its holdings in shares of RealPage by 26.2% during the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after purchasing an additional 790,297 shares during the period. BlackRock Inc. grew its holdings in shares of RealPage by 4.8% during the 2nd 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 period. Janus Henderson Group PLC purchased a new position in shares of RealPage during the 2nd quarter worth $107,795,000. Finally, Eagle Asset Management Inc. grew its holdings in shares of RealPage by 16.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,442,595 shares of the software maker’s stock worth $87,811,000 after purchasing an additional 348,203 shares during the period. Institutional investors own 70.49% of the company’s stock.

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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