RealPage, Inc. (RP) Stake Increased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. increased its position in RealPage, Inc. (NASDAQ:RP) by 170.8% during the first quarter, Holdings Channel reports. The institutional investor owned 28,156 shares of the software maker’s stock after buying an additional 17,757 shares during the period. UBS Asset Management Americas Inc.’s holdings in RealPage were worth $983,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in shares of 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 during the period. Capital Fund Management S.A. purchased a new stake in shares of RealPage during the first quarter valued at approximately $244,000. Eqis Capital Management Inc. raised its stake in shares of RealPage by 21.2% in the first quarter. Eqis Capital Management Inc. now owns 37,189 shares of the software maker’s stock valued at $1,298,000 after buying an additional 6,510 shares during the period. Wells Fargo & Company MN raised its stake in shares of RealPage by 21.6% in the first quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after buying an additional 29,468 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of RealPage by 11.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 45,954 shares of the software maker’s stock valued at $1,604,000 after buying an additional 4,670 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RealPage, Inc. (NASDAQ RP) opened at 37.40 on Tuesday. The stock has a market capitalization of $2.93 billion, a PE ratio of 138.01 and a beta of 1.10. The company’s 50-day moving average is $35.21 and its 200-day moving average is $33.76. RealPage, Inc. has a 12 month low of $23.62 and a 12 month high of $38.65.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. RealPage had a net margin of 3.69% and a return on equity of 10.51%. The business had revenue of $153.62 million for the quarter, compared to the consensus estimate of $152.21 million. During the same quarter last year, the firm earned $0.17 EPS. RealPage’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts expect that RealPage, Inc. will post $0.92 earnings per share for the current fiscal year.
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RP has been the subject of several research reports. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities restated an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research report on Friday, May 5th. Deutsche Bank AG lifted their price objective on RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $35.00 price target on shares of RealPage in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. RealPage has a consensus rating of “Buy” and an average price target of $36.00.
In other RealPage news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $36.95, for a total value of $3,538,332.00. Following the completion of the transaction, the insider now directly owns 18,590,136 shares of the company’s stock, valued at $686,905,525.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen T. Winn sold 27,930 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $37.17, for a total transaction of $1,038,158.10. Following the completion of the transaction, the chief executive officer now directly owns 3,530,528 shares of the company’s stock, valued at $131,229,725.76. The disclosure for this sale can be found here. Insiders sold a total of 1,352,610 shares of company stock worth $47,682,056 over the last quarter. 33.24% of the stock is currently owned by company insiders.
RealPage Company Profile
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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