Royal Bank Of Canada Reaffirms Hold Rating for RealPage, Inc. (RP)

RealPage, Inc. (NASDAQ:RP)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Monday, July 24th. They presently have a $38.00 price objective on the software maker’s stock. Royal Bank Of Canada’s price target points to a potential downside of 8.87% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of RealPage in a report on Tuesday, July 18th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, JMP Securities reissued an “outperform” rating and issued a $43.00 target price on shares of RealPage in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, one has issued 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.

RealPage (NASDAQ:RP) opened at 41.70 on Monday. RealPage has a 52 week low of $23.69 and a 52 week high of $43.65. The company’s 50-day moving average price is $38.93 and its 200-day moving average price is $36.03. The company has a market capitalization of $3.30 billion, a P/E 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 the Zacks’ consensus estimate 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 period in the prior year, the firm posted $0.18 EPS. RealPage’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that RealPage will post $0.93 EPS for the current fiscal year.

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In other RealPage news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total value of $3,295,101.60. Following the transaction, the insider now directly owns 18,869,256 shares in the company, valued at approximately $649,291,098.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William P. Chaney sold 15,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total value of $619,500.00. Following the completion of the transaction, the executive vice president now owns 196,339 shares in the company, valued at $8,108,800.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,473,612 shares of company stock valued at $53,481,100 over the last ninety days. Insiders own 33.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd raised its position in RealPage by 11.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,163 shares of the software maker’s stock valued at $294,000 after buying an additional 850 shares in the last quarter. Koch Industries Inc. bought a new position in RealPage during the second quarter valued at about $320,000. Ameritas Investment Partners Inc. raised its position in RealPage by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after buying an additional 485 shares in the last quarter. Albion Financial Group UT raised its position in RealPage by 1.3% in the second quarter. Albion Financial Group UT now owns 22,967 shares of the software maker’s stock valued at $826,000 after buying an additional 290 shares in the last quarter. Finally, Castleark Management LLC raised its position in RealPage by 146.9% in the second quarter. Castleark Management LLC now owns 396,604 shares of the software maker’s stock valued at $14,258,000 after buying an additional 235,976 shares in the last quarter. Hedge funds and other institutional investors own 67.91% 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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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