Turner Investments LLC decreased its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 35.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,500 shares of the software maker’s stock after selling 2,500 shares during the period. Turner Investments LLC’s holdings in RealPage were worth $180,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Contour Asset Management LLC bought a new position in shares of RealPage in the second quarter valued at approximately $16,044,000. PNC Financial Services Group Inc. raised its stake in shares of RealPage by 83.9% in the second quarter. PNC Financial Services Group Inc. now owns 139,901 shares of the software maker’s stock valued at $5,029,000 after acquiring an additional 63,843 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of RealPage in the third quarter valued at approximately $10,069,000. BlackRock Inc. raised its stake in shares of RealPage by 4.8% in the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after acquiring an additional 163,752 shares during the last quarter. Finally, American Capital Management Inc. bought a new position in shares of RealPage in the second quarter valued at approximately $10,332,000. Hedge funds and other institutional investors own 70.60% of the company’s stock.
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Shares of RealPage, Inc. (RP) traded up $0.50 during midday trading on Wednesday, hitting $45.05. 423,000 shares of the stock were exchanged, compared to its average volume of 538,365. The company has a market capitalization of $3,692.28, a PE ratio of 81.00 and a beta of 1.09. RealPage, Inc. has a 52 week low of $28.00 and a 52 week high of $45.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. analysts forecast that RealPage, Inc. will post 0.57 EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of RealPage in a report on Monday. They issued an “equal weight” rating and a $48.00 price target for the company. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Benchmark Co. raised their price target on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. RealPage has a consensus rating of “Buy” and an average price target of $46.57.
In other RealPage news, CFO W Bryan Hill sold 5,800 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total transaction of $231,536.00. Following the sale, the chief financial officer now directly owns 237,367 shares of the company’s stock, valued at approximately $9,475,690.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Stephen T. Winn sold 314,335 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $43.57, for a total transaction of $13,695,575.95. Following the sale, the chairman now directly owns 2,766,870 shares in the company, valued at $120,552,525.90. The disclosure for this sale can be found here. Insiders sold a total of 2,250,628 shares of company stock worth $93,281,341 over the last ninety days. 33.24% of the stock is currently 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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