UBS Group AG increased its position in RealPage, Inc. (NASDAQ:RP) by 28.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,018 shares of the software maker’s stock after buying an additional 1,332 shares during the period. UBS Group AG’s holdings in RealPage were worth $210,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position 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 valued at $154,855,000 after buying an additional 197,060 shares in the last quarter. Rothschild Asset Management Inc. raised its position in 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. Garelick Capital Partners LP raised its stake in shares of RealPage by 4.0% in the first quarter. Garelick Capital Partners LP now owns 751,737 shares of the software maker’s stock worth $26,236,000 after buying an additional 28,959 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of RealPage during the first quarter worth $18,603,000. Finally, Frontier Capital Management Co. LLC raised its stake in shares of RealPage by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 489,044 shares of the software maker’s stock worth $17,068,000 after buying an additional 14,733 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.
Shares of RealPage, Inc. (NASDAQ RP) remained flat at $41.25 during trading on Friday. 51,966 shares of the company’s stock traded hands. The company has a market cap of $3.26 billion, a P/E ratio of 128.91 and a beta of 1.11. The firm’s 50-day moving average is $38.77 and its 200 day moving average is $35.95. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $43.65.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during 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 business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. Equities research analysts expect that RealPage, Inc. will post $0.93 earnings per share for the current year.
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Several research analysts have recently weighed in on RP shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $42.00 target price (up from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. JMP Securities restated an “outperform” rating and issued a $43.00 target price on shares of RealPage in a report on Friday, May 5th. Finally, Stephens restated an “overweight” rating and issued a $47.00 target price (up from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.83.
In other RealPage news, Director Alfred R. Berkeley III sold 3,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the completion of the sale, the director now owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William P. Chaney sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total value of $619,500.00. Following the sale, the executive vice president now directly owns 196,339 shares of the company’s stock, valued at approximately $8,108,800.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,464,420 shares of company stock valued at $53,097,334. Company insiders own 33.24% of the company’s stock.
About RealPage
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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