RealPage, Inc. (RP) Holdings Reduced by Cornerstone Capital Management Holdings LLC.
Cornerstone Capital Management Holdings LLC. cut its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,821 shares of the software maker’s stock after selling 18,400 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.13% of RealPage worth $3,768,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position in shares of RealPage by 70,939.4% during the first quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after purchasing an additional 3,382,391 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of RealPage during the second quarter valued at about $107,795,000. Royal Bank of Canada grew its position in shares of RealPage by 89,197.4% during the second quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock valued at $34,092,000 after purchasing an additional 947,276 shares in the last quarter. Stockbridge Partners LLC grew its position in shares of RealPage by 26.2% during the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after purchasing an additional 790,297 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of RealPage by 74.0% during the second quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock valued at $49,558,000 after purchasing an additional 586,144 shares in the last quarter. 70.49% of the stock is currently owned by institutional investors and hedge funds.
RealPage, Inc. (RP) opened at 42.95 on Friday. RealPage, Inc. has a 52-week low of $24.10 and a 52-week high of $43.65. The company has a 50-day moving average price of $41.07 and a 200 day moving average price of $38.02. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 134.22 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. RealPage’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, analysts expect that RealPage, Inc. will post $0.92 earnings per share for the current year.
RP has been the subject of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. 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. Finally, KeyCorp initiated coverage on RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.29.
In other news, Chairman Stephen T. Winn sold 310,411 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $12,478,522.20. Following the completion of the sale, the chairman now owns 3,050,264 shares of the company’s stock, valued at approximately $122,620,612.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ashley Chaffin Glover sold 13,822 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 107,154 shares of the company’s stock, valued at approximately $4,549,758.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,990,789 shares of company stock valued at $80,339,434. 33.24% of the stock is owned by insiders.
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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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