Dimensional Fund Advisors LP increased its stake in shares of RealPage, Inc. (NASDAQ:RP) by 110.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 463,043 shares of the software maker’s stock after acquiring an additional 243,149 shares during the period. Dimensional Fund Advisors LP owned about 0.56% of RealPage worth $16,647,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the period. Bessemer Group Inc. raised its stake in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the period. Gotham Asset Management LLC bought a new stake in RealPage in the first quarter valued at approximately $200,000. Bfsg LLC bought a new stake in RealPage in the second quarter valued at approximately $209,000. Finally, UBS Group AG raised its stake in RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock valued at $210,000 after buying an additional 1,332 shares during the period. Institutional investors and hedge funds own 70.18% of the company’s stock.
In other news, Chairman Stephen T. Winn sold 310,411 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total value of $12,478,522.20. Following the completion of the transaction, the chairman now directly owns 3,050,264 shares in the company, valued at approximately $122,620,612.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred R. Berkeley III sold 3,500 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.30, for a total value of $141,050.00. Following the completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,642,119 shares of company stock worth $66,698,588. Company insiders own 33.24% of the company’s stock.
RP has been the topic of several research analyst reports. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Deutsche Bank AG restated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price objective on shares of RealPage in a research note on Monday, September 11th. Finally, Benchmark Co. upped their target price on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.33.
Shares of RealPage, Inc. (NASDAQ:RP) opened at $44.10 on Friday. The firm has a market capitalization of $3,650.84, a price-to-earnings ratio of 80.09 and a beta of 1.09. RealPage, Inc. has a twelve month low of $27.20 and a twelve month high of $45.10. The company has a quick ratio of 1.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The firm had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. equities research analysts expect that RealPage, Inc. will post 0.57 earnings per share for the current year.
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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