Capital Impact Advisors LLC lowered its position in shares of RealPage, Inc. (NASDAQ:RP) by 27.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,859 shares of the software maker’s stock after selling 14,121 shares during the period. Capital Impact Advisors LLC’s holdings in RealPage were worth $1,325,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in RP. Vanguard Group Inc. increased its stake in 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. BlackRock Inc. increased its stake in shares of RealPage by 70,939.4% in the first quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after buying an additional 3,382,391 shares during the period. Peregrine Capital Management LLC increased its stake in shares of RealPage by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,138,890 shares of the software maker’s stock valued at $39,406,000 after buying an additional 78,091 shares during the period. Rothschild Asset Management Inc. increased its stake in shares of RealPage by 2.4% in the first quarter. Rothschild Asset Management Inc. now owns 1,103,403 shares of the software maker’s stock valued at $38,509,000 after buying an additional 25,726 shares during the period. Finally, State Street Corp increased its stake in shares of RealPage by 6.4% in the first quarter. State Street Corp now owns 1,033,920 shares of the software maker’s stock valued at $36,081,000 after buying an additional 61,977 shares during the period. 66.69% of the stock is owned by institutional investors and hedge funds.
RealPage, Inc. (NASDAQ RP) traded up 0.26% during mid-day trading on Friday, reaching $39.00. 281,900 shares of the company traded hands. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $40.40. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 143.91 and a beta of 1.10. The company’s 50-day moving average is $37.24 and its 200-day moving average is $34.92.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $153.62 million for the quarter, compared to analysts’ expectations of $152.21 million. RealPage had a return on equity of 10.51% and a net margin of 3.69%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. Equities analysts predict that RealPage, Inc. will post $0.92 earnings per share for the current fiscal year.
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Several analysts have recently commented on the stock. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price objective on shares of RealPage in a research report on Monday, July 24th. JMP Securities reaffirmed an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research report on Friday, May 5th. Finally, Deutsche Bank AG raised their price objective on shares of RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.
In other news, CEO Stephen T. Winn sold 27,930 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $37.17, for a total transaction of $1,038,158.10. Following the transaction, the chief executive officer now directly owns 3,530,528 shares of the company’s stock, valued at $131,229,725.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 47,880 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $37.17, for a total value of $1,779,699.60. Following the transaction, the insider now directly owns 18,590,136 shares in the company, valued at $690,995,355.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,352,610 shares of company stock worth $47,682,056. 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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