Rothschild Asset Management Inc. raised its stake in RealPage, Inc. (NASDAQ:RP) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,246,602 shares of the software maker’s stock after purchasing an additional 80,582 shares during the quarter. Rothschild Asset Management Inc. owned 1.50% of RealPage worth $49,739,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in RealPage in the third quarter valued at approximately $440,000. 361 Capital LLC bought a new position in shares of RealPage during the third quarter valued at approximately $1,839,000. Russell Investments Group Ltd. raised its holdings in shares of RealPage by 7.7% during the third quarter. Russell Investments Group Ltd. now owns 711,668 shares of the software maker’s stock valued at $28,396,000 after acquiring an additional 50,909 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of RealPage by 30.1% during the third quarter. Bank of New York Mellon Corp now owns 334,825 shares of the software maker’s stock valued at $13,359,000 after acquiring an additional 77,444 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of RealPage by 69.0% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,368 shares of the software maker’s stock valued at $2,568,000 after acquiring an additional 26,280 shares in the last quarter. Hedge funds and other institutional investors own 70.60% of the company’s stock.
RP has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $38.00 target price on shares of RealPage in a report on Monday, July 24th. Stephens restated an “overweight” rating and set a $47.00 target price (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Deutsche Bank AG upped their target price on RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. RealPage has an average rating of “Buy” and a consensus target price of $46.57.
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RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. equities research analysts predict that RealPage, Inc. will post 0.57 earnings per share for the current year.
In other news, CEO Stephen T. Winn sold 27,930 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $40.79, for a total value of $1,139,264.70. Following the sale, the chief executive officer now directly owns 3,224,670 shares of the company’s stock, valued at $131,534,289.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ashley Chaffin Glover sold 13,822 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $42.46, for a total value of $586,882.12. Following the completion of the sale, the executive vice president now directly owns 107,154 shares in the company, valued at $4,549,758.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,258,628 shares of company stock worth $93,612,221. 33.24% of the stock is owned by insiders.
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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