RealPage, Inc. (NASDAQ:RP) Given Overweight Rating at Stephens
Stephens reissued their overweight rating on shares of RealPage, Inc. (NASDAQ:RP) in a research report released on Thursday morning. They currently have a $47.00 price objective on the software maker’s stock, up from their prior price objective of $42.00.
RP has been the topic of a number of other reports. Deutsche Bank AG reiterated a buy rating and set a $42.00 price objective (up from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Royal Bank Of Canada increased their price objective on shares of RealPage from $38.00 to $42.00 and gave the company a sector perform rating in a research note on Thursday. JMP Securities reiterated an outperform rating and set a $43.00 price objective on shares of RealPage in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of RealPage from a sell rating to a hold rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. RealPage has an average rating of Buy and a consensus target price of $39.83.
RealPage (RP) traded up 0.12% during mid-day trading on Thursday, reaching $40.10. The company’s stock had a trading volume of 707,388 shares. RealPage has a one year low of $23.69 and a one year high of $40.40. The firm’s 50 day moving average is $37.45 and its 200-day moving average is $35.15. The stock has a market cap of $3.33 billion, a P/E ratio of 125.31 and a beta of 1.11.
RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.93%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Equities analysts expect that RealPage will post $0.93 earnings per share for the current fiscal year.
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In other RealPage news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $35.19, for a total value of $3,369,794.40. Following the completion of the sale, the insider now directly owns 18,965,016 shares in the company, valued at $667,378,913.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Stephen T. Winn sold 159,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $34.41, for a total transaction of $5,491,836.00. Following the completion of the sale, the chairman now owns 3,789,472 shares of the company’s stock, valued at $130,395,731.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,352,610 shares of company stock worth $47,682,056. Insiders own 33.24% of the company’s stock.
A number of large investors have recently made changes to their positions in RP. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage during the first quarter valued at $163,000. Bessemer Group Inc. increased its stake in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Gotham Asset Management LLC bought a new stake in RealPage during the first quarter valued at approximately $200,000. UBS Group AG increased its stake in RealPage by 28.4% in the first quarter. UBS Group AG now owns 6,018 shares of the software maker’s stock valued at $210,000 after buying an additional 1,332 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in RealPage during the fourth quarter valued at approximately $222,000. Institutional investors own 66.89% 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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