Penserra Capital Management LLC Takes $5.86 Million Position in RealPage Inc (RP)

Penserra Capital Management LLC purchased a new position in RealPage Inc (NASDAQ:RP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,853 shares of the software maker’s stock, valued at approximately $5,855,000. Penserra Capital Management LLC owned 0.09% of RealPage as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of RealPage by 169.4% in the third quarter. American Century Companies Inc. now owns 711,509 shares of the software maker’s stock worth $46,888,000 after buying an additional 447,414 shares during the period. Chicago Capital LLC raised its holdings in shares of RealPage by 10.2% in the third quarter. Chicago Capital LLC now owns 411,606 shares of the software maker’s stock worth $27,125,000 after buying an additional 37,979 shares during the period. Commerce Bank grew its stake in RealPage by 400.4% in the third quarter. Commerce Bank now owns 22,520 shares of the software maker’s stock worth $1,485,000 after purchasing an additional 18,020 shares in the last quarter. American Capital Management Inc. grew its stake in RealPage by 1.5% in the third quarter. American Capital Management Inc. now owns 727,451 shares of the software maker’s stock worth $47,939,000 after purchasing an additional 10,490 shares in the last quarter. Finally, Comerica Bank bought a new position in RealPage in the third quarter worth approximately $1,723,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 296,980 shares of RealPage stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $61.05, for a total transaction of $18,130,629.00. Following the completion of the transaction, the insider now owns 15,309,495 shares in the company, valued at approximately $934,644,669.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Stephen T. Winn sold 494,968 shares of RealPage stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $61.05, for a total value of $30,217,796.40. Following the transaction, the chairman now owns 1,336,783 shares of the company’s stock, valued at approximately $81,610,602.15. The disclosure for this sale can be found here. Insiders have sold a total of 2,448,912 shares of company stock valued at $151,645,875 in the last quarter. Company insiders own 24.91% of the company’s stock.

Shares of RP stock opened at $53.10 on Friday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 147.50 and a beta of 1.32. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. RealPage Inc has a 1 year low of $42.95 and a 1 year high of $66.25.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. The company had revenue of $224.95 million during the quarter, compared to analyst estimates of $221.33 million. RealPage had a return on equity of 12.04% and a net margin of 0.91%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Analysts forecast that RealPage Inc will post 1.06 EPS for the current fiscal year.

Several brokerages recently issued reports on RP. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Thursday. KeyCorp reissued an “overweight” rating and issued a $72.00 price objective (down previously from $84.00) on shares of RealPage in a research note on Friday, September 14th. Royal Bank of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of RealPage in a research note on Friday, November 2nd. Finally, Morgan Stanley set a $63.00 price objective on RealPage and gave the stock a “buy” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $63.00.

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RealPage Company Profile

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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