Globeflex Capital L P Sells 3,100 Shares of RealPage, Inc. (RP)
Globeflex Capital L P cut its holdings in RealPage, Inc. (NASDAQ:RP) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,406 shares of the software maker’s stock after selling 3,100 shares during the period. RealPage accounts for 0.6% of Globeflex Capital L P’s portfolio, making the stock its 26th largest holding. Globeflex Capital L P owned 0.08% of RealPage worth $2,387,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in RP. Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after acquiring an additional 272 shares during the period. Ameritas Investment Partners Inc. bought a new position in RealPage in the first quarter worth approximately $163,000. Bessemer Group Inc. raised its position in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after acquiring an additional 100 shares during the period. Gotham Asset Management LLC bought a new position in RealPage in the first quarter worth approximately $200,000. Finally, Bfsg LLC bought a new position in RealPage in the second quarter worth approximately $209,000. Institutional investors and hedge funds own 70.49% of the company’s stock.
In other RealPage news, EVP Ashley Chaffin Glover sold 13,822 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $42.46, for a total transaction of $586,882.12. Following the completion of the transaction, the executive vice president now directly owns 107,154 shares in the company, valued at $4,549,758.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred R. Berkeley III sold 3,500 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the transaction, the director now owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,905,551 shares of company stock valued at $75,948,393. Company insiders own 33.24% of the company’s stock.
Shares of RealPage, Inc. (RP) traded up 1.40% during mid-day trading on Friday, hitting $39.90. 889,882 shares of the stock traded hands. The firm has a 50 day moving average of $40.82 and a 200 day moving average of $37.30. RealPage, Inc. has a 12 month low of $23.69 and a 12 month high of $43.65. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 124.69 and a beta of 1.06.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same period in the previous year, the business posted $0.18 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts expect that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
RP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. KeyCorp initiated coverage on shares of RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Finally, Deutsche Bank AG restated a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.29.
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.
Receive News & Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.