Victory Capital Management Inc. Cuts Holdings in RealPage, Inc. (RP)

Victory Capital Management Inc. lessened its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 36.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,830 shares of the software maker’s stock after selling 177,127 shares during the quarter. Victory Capital Management Inc. owned about 0.38% of RealPage worth $12,083,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RP. UBS Asset Management Americas Inc. boosted its position in RealPage by 170.8% during the first quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock worth $983,000 after purchasing an additional 17,757 shares during the period. Legal & General Group Plc boosted its position in RealPage by 2.0% during the first quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock worth $733,000 after purchasing an additional 402 shares during the period. Vanguard Group Inc. lifted its holdings in shares of RealPage by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,437,066 shares of the software maker’s stock worth $154,855,000 after buying an additional 197,060 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RealPage by 4.1% in the first quarter. Geode Capital Management LLC now owns 459,510 shares of the software maker’s stock worth $16,036,000 after buying an additional 17,968 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of RealPage by 140.8% in the first quarter. Dimensional Fund Advisors LP now owns 219,894 shares of the software maker’s stock worth $7,674,000 after buying an additional 128,587 shares in the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

In other RealPage news, EVP Ashley Chaffin Glover sold 9,192 shares of RealPage stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total transaction of $383,766.00. Following the transaction, the executive vice president now directly owns 120,976 shares of the company’s stock, valued at $5,050,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of RealPage stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $40.95, for a total transaction of $3,921,372.00. Following the transaction, the insider now directly owns 18,390,456 shares in the company, valued at $753,089,173.20. The disclosure for this sale can be found here. Insiders sold 1,623,619 shares of company stock worth $65,938,038 over the last ninety days. 33.24% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on RP. Benchmark Co. increased their price target on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price target (up from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of RealPage in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. RealPage currently has an average rating of “Buy” and a consensus price target of $46.33.

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Shares of RealPage, Inc. (RP) opened at $43.55 on Tuesday. The firm has a market cap of $3,654.98, a P/E ratio of 80.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. RealPage, Inc. has a one year low of $27.20 and a one year high of $45.10.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. RealPage’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. equities analysts anticipate that RealPage, Inc. will post 0.57 EPS for the current fiscal year.

RealPage 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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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