American Capital Management Inc. purchased a new stake in RealPage, Inc. (NASDAQ:RP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 287,405 shares of the software maker’s stock, valued at approximately $10,332,000. American Capital Management Inc. owned approximately 0.37% of RealPage as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in RealPage by 2.0% in the first quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock valued at $733,000 after buying an additional 402 shares in the last quarter. Sei Investments Co. boosted its stake in RealPage by 0.5% in the first quarter. Sei Investments Co. now owns 173,525 shares of the software maker’s stock valued at $6,056,000 after buying an additional 907 shares in the last quarter. Nationwide Fund Advisors boosted its stake in RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after buying an additional 948 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in RealPage by 2.9% in the second quarter. Eqis Capital Management Inc. now owns 38,257 shares of the software maker’s stock valued at $1,375,000 after buying an additional 1,068 shares in the last quarter. Finally, Swiss National Bank boosted its stake in RealPage by 1.3% in the first quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after buying an additional 1,200 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.
Shares of RealPage, Inc. (NASDAQ RP) opened at 41.70 on Friday. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65. The stock’s 50 day moving average is $38.93 and its 200-day moving average is $36.03. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 130.31 and a beta of 1.11.
RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that RealPage, Inc. will post $0.93 EPS for the current year.
RP has been the topic of several research analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Royal Bank Of Canada raised their target price on shares of RealPage from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities reaffirmed an “outperform” rating and set a $43.00 price target on shares of RealPage in a research report on Monday, May 15th. Finally, Stephens reaffirmed an “overweight” rating and set a $47.00 price target (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $39.83.
In other RealPage news, EVP Ashley Chaffin Glover sold 9,192 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total value of $383,766.00. Following the sale, the executive vice president now owns 120,976 shares in the company, valued at approximately $5,050,748. The transaction 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, June 1st. The shares were sold at an average price of $34.21, for a total value of $3,275,949.60. Following the completion of the sale, the insider now owns 18,773,616 shares in the company, valued at approximately $642,245,403.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,473,612 shares of company stock valued at $53,481,100. Insiders own 33.24% of the company’s stock.
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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