Amalgamated Bank Takes Position in RealPage, Inc. (NASDAQ:RP)
Amalgamated Bank purchased a new stake in RealPage, Inc. (NASDAQ:RP) during the first quarter, according to its most recent filing with the SEC. The firm purchased 6,626 shares of the software maker’s stock, valued at approximately $231,000.
A number of other large investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in RealPage during the first quarter worth approximately $163,000. UBS Group AG raised its position in RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock worth $210,000 after buying an additional 1,332 shares in the last quarter. Guggenheim Capital LLC acquired a new position in RealPage during the fourth quarter worth approximately $222,000. Capital Fund Management S.A. acquired a new position in RealPage during the first quarter worth approximately $244,000. Finally, Penserra Capital Management LLC acquired a new position in RealPage during the first quarter worth approximately $385,000. Hedge funds and other institutional investors own 66.69% of the company’s stock.
Shares of RealPage, Inc. (NASDAQ RP) opened at 39.30 on Tuesday. The stock has a market cap of $3.08 billion, a P/E ratio of 145.02 and a beta of 1.10. RealPage, Inc. has a one year low of $23.69 and a one year high of $40.05. The stock has a 50 day moving average of $36.71 and a 200 day moving average of $34.71.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, May 4th. The software maker reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $152.21 million. During the same quarter last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. Equities analysts expect that RealPage, Inc. will post $0.92 EPS for the current fiscal year.
A number of research analysts have commented on RP shares. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 price objective on shares of RealPage in a research note on Friday, March 31st. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on shares of RealPage from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Finally, JMP Securities restated an “outperform” rating and issued a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. RealPage has an average rating of “Buy” and an average price target of $37.00.
In related news, Chairman Stephen T. Winn sold 159,600 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $35.19, for a total value of $5,616,324.00. Following the sale, the chairman now owns 3,842,140 shares of the company’s stock, valued at approximately $135,204,906.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total transaction of $3,295,101.60. Following the completion of the sale, the insider now directly owns 18,869,256 shares in the company, valued at approximately $649,291,098.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,352,610 shares of company stock worth $47,682,056. Corporate insiders own 33.24% of the company’s stock.
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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