Legal & General Group Plc raised its position in shares of RealPage, Inc. (NASDAQ:RP) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,017 shares of the software maker’s stock after buying an additional 402 shares during the period. Legal & General Group Plc’s holdings in RealPage were worth $733,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in RealPage by 549.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,307 shares of the software maker’s stock worth $2,739,000 after buying an additional 77,246 shares during the period. Guggenheim Capital LLC purchased a new position in RealPage during the fourth quarter worth about $222,000. Norges Bank purchased a new position in RealPage during the fourth quarter worth about $12,910,000. Teachers Advisors LLC increased its position in RealPage by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 459,318 shares of the software maker’s stock worth $13,780,000 after buying an additional 2,508 shares during the period. Finally, Peregrine Capital Management LLC increased its position in RealPage by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,138,890 shares of the software maker’s stock worth $39,406,000 after buying an additional 78,091 shares during the period. Institutional investors own 67.44% of the company’s stock.
RealPage, Inc. (NASDAQ RP) traded up 4.86% during midday trading on Friday, hitting $39.90. The stock had a trading volume of 824,998 shares. The company’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 stock 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Analysts forecast that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
A number of equities analysts have issued reports on RP shares. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Deutsche Bank AG increased their price objective on RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, May 5th. JMP Securities reiterated an “outperform” rating and issued a $43.00 price objective on shares of RealPage in a report on Friday, May 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $38.00 price objective on shares of RealPage in a report on Monday, July 24th. Finally, Stephens reiterated an “overweight” rating and issued a $47.00 price objective (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $39.83.
In related news, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total transaction of $5,491,836.00. Following the transaction, the chairman now directly owns 3,789,472 shares of the company’s stock, valued at approximately $130,395,731.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the company’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 transaction, 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 three months, insiders sold 1,445,920 shares of company stock valued at $52,336,784. Corporate 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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