Swiss National Bank Has $2,092,000 Stake in RealPage Inc. (RP)
Swiss National Bank boosted its position in RealPage Inc. (NASDAQ:RP) by 34.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,700 shares of the company’s stock after buying an additional 23,800 shares during the period. Swiss National Bank owned approximately 0.12% of RealPage worth $2,092,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of RP. Eagle Asset Management Inc. increased its position in RealPage by 4.1% in the second quarter. Eagle Asset Management Inc. now owns 2,042,724 shares of the company’s stock valued at $45,614,000 after buying an additional 81,378 shares during the period. Palisade Capital Management LLC NJ increased its position in RealPage by 12.7% in the first quarter. Palisade Capital Management LLC NJ now owns 1,054,119 shares of the company’s stock valued at $21,968,000 after buying an additional 119,195 shares during the period. Renaissance Technologies LLC increased its position in RealPage by 42.6% in the first quarter. Renaissance Technologies LLC now owns 600,100 shares of the company’s stock valued at $12,506,000 after buying an additional 179,300 shares during the period. Lazard Asset Management LLC bought a new position in RealPage during the first quarter valued at $11,605,000. Finally, Frontier Capital Management Co. LLC increased its position in RealPage by 16.9% in the second quarter. Frontier Capital Management Co. LLC now owns 437,325 shares of the company’s stock valued at $9,765,000 after buying an additional 63,292 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.
RealPage Inc. (NASDAQ:RP) traded up 0.60% during mid-day trading on Tuesday, hitting $25.23. 170,576 shares of the stock traded hands. RealPage Inc. has a 12-month low of $16.06 and a 12-month high of $26.44. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 2523.00 and a beta of 1.20. The firm’s 50-day moving average is $25.28 and its 200-day moving average is $22.73.
RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $142.50 million for the quarter, compared to the consensus estimate of $141.45 million. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts expect that RealPage Inc. will post $0.73 EPS for the current year.
Several analysts recently issued reports on the stock. JMP Securities reaffirmed a “buy” rating on shares of RealPage in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of RealPage from $23.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a $21.00 price objective (up previously from $19.00) on shares of RealPage in a research note on Thursday, August 4th. Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Finally, Benchmark Co. assumed coverage on shares of RealPage in a research note on Tuesday, June 28th. They set a “buy” rating and a $28.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. RealPage has an average rating of “Hold” and a consensus target price of $27.29.
In related news, CFO W Bryan Hill sold 1,900 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $25.50, for a total value of $48,450.00. Following the completion of the sale, the chief financial officer now owns 227,007 shares in the company, valued at $5,788,678.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 27,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $22.05, for a total transaction of $595,350.00. Following the completion of the sale, the insider now owns 19,707,276 shares of the company’s stock, valued at approximately $434,545,435.80. The disclosure for this sale can be found here. 33.24% of the stock is currently owned by insiders.
RealPage Company Profile
RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
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