RealPage (NASDAQ:RP) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

Other analysts have also recently issued research reports about the stock. ValuEngine raised shares of ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Keefe, Bruyette & Woods began coverage on shares of RealPage in a research note on Tuesday. They set an outperform rating and a $74.00 target price for the company. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, July 6th. Finally, DA Davidson began coverage on shares of BRT Apartments in a research note on Thursday, March 28th. They set a buy rating and a $16.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $66.00.

RP stock opened at $64.57 on Wednesday. The stock has a market capitalization of $6.12 billion, a PE ratio of 59.86 and a beta of 1.40. The stock’s 50-day moving average is $59.26. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36. RealPage has a 52 week low of $42.90 and a 52 week high of $66.25.

RealPage (NASDAQ:RP) last released its earnings results on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $234.30 million during the quarter, compared to analysts’ expectations of $234.16 million. RealPage had a net margin of 3.89% and a return on equity of 9.48%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts expect that RealPage will post 1.26 earnings per share for the current year.

In related news, CFO Thomas C. Ernst, Jr. sold 1,293 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $58.13, for a total transaction of $75,162.09. Following the completion of the sale, the chief financial officer now owns 65,917 shares of the company’s stock, valued at approximately $3,831,755.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $59.90, for a total transaction of $11,980,000.00. Following the sale, the insider now directly owns 10,165,109 shares of the company’s stock, valued at approximately $608,890,029.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 981,793 shares of company stock valued at $57,315,347. 17.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in RealPage by 6.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after acquiring an additional 261 shares in the last quarter. Capital Insight Partners LLC grew its stake in RealPage by 1.7% during the 2nd quarter. Capital Insight Partners LLC now owns 18,545 shares of the software maker’s stock valued at $1,091,000 after acquiring an additional 316 shares in the last quarter. California State Teachers Retirement System grew its stake in RealPage by 0.3% during the 1st quarter. California State Teachers Retirement System now owns 113,160 shares of the software maker’s stock valued at $6,868,000 after acquiring an additional 381 shares in the last quarter. Simmons Bank grew its stake in RealPage by 7.4% during the 1st quarter. Simmons Bank now owns 7,300 shares of the software maker’s stock valued at $443,000 after acquiring an additional 500 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of RealPage by 9.7% in the 4th quarter. MML Investors Services LLC now owns 7,928 shares of the software maker’s stock valued at $382,000 after buying an additional 702 shares during the period. 88.24% of the stock is owned by institutional investors.

About RealPage

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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