Metropolitan Life Insurance Co. NY reduced its stake in shares of RealPage, Inc. (NASDAQ:RP) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,874 shares of the software maker’s stock after selling 2,984 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in RealPage were worth $1,252,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in RealPage during the first quarter worth $163,000. Gotham Asset Management LLC purchased a new position in RealPage during the first quarter worth $200,000. UBS Group AG increased its position in RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock worth $210,000 after buying an additional 1,332 shares during the period. Amalgamated Bank purchased a new position in RealPage during the first quarter worth $231,000. Finally, Capital Fund Management S.A. purchased a new position in RealPage during the first quarter worth $244,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
RealPage, Inc. (NASDAQ:RP) opened at 39.90 on Friday. The firm’s 50-day moving average price is $38.30 and its 200 day moving average price is $35.63. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The company has a market cap of $3.15 billion, a PE ratio of 124.69 and a beta of 1.11.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. On average, equities analysts predict that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
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A number of equities analysts have weighed in on the company. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 price objective on shares of RealPage in a research note on Monday, July 24th. JMP Securities reiterated an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. Deutsche Bank AG upped their price objective on RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Stephens restated an “overweight” rating and issued a $47.00 price target (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.83.
In related news, Chairman Stephen T. Winn sold 159,600 shares of RealPage stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $34.21, for a total transaction of $5,459,916.00. Following the transaction, the chairman now directly owns 3,736,870 shares in the company, valued at $127,838,322.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $38.98, for a total value of $3,732,724.80. Following the sale, the insider now directly owns 18,486,216 shares in the company, valued at $720,592,699.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,445,920 shares of company stock worth $52,336,784. Company insiders own 33.24% 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.
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