RealPage, Inc. (RP) Lifted to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of RealPage, Inc. (NASDAQ:RP) from a buy rating to a strong-buy rating in a report issued on Friday morning.
A number of other research analysts have also commented on the stock. Benchmark Co. upped their price target on shares of RealPage from $43.00 to $51.00 and gave the company a buy rating in a research note on Wednesday, November 1st. Royal Bank Of Canada reiterated a sector perform rating and issued a $42.00 price target (up previously from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of RealPage from a hold rating to a sell rating in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a buy rating and issued a $45.00 price target (up previously from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Finally, Stephens reiterated an overweight rating and issued a $47.00 price target (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $46.33.
Shares of RealPage (RP) opened at $44.10 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. RealPage has a 52-week low of $27.20 and a 52-week high of $45.10. The company has a market cap of $3,654.98, a PE ratio of 80.18 and a beta of 1.09.
RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. RealPage’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. sell-side analysts anticipate that RealPage will post 0.57 earnings per share for the current fiscal year.
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In other news, CEO Stephen T. Winn sold 27,930 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $40.79, for a total transaction of $1,139,264.70. Following the completion of the sale, the chief executive officer now directly owns 3,224,670 shares in the company, valued at $131,534,289.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO W Bryan Hill sold 5,800 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $231,536.00. Following the sale, the chief financial officer now owns 237,367 shares of the company’s stock, valued at $9,475,690.64. The disclosure for this sale can be found here. In the last three months, insiders sold 1,638,619 shares of company stock valued at $66,557,538. 33.24% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 purchasing an additional 272 shares during the period. Bessemer Group Inc. grew its holdings 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 purchasing an additional 100 shares during the period. Ameritas Investment Partners Inc. grew its holdings in RealPage by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after purchasing an additional 485 shares during the period. Breton Hill Capital Ltd. acquired a new stake in RealPage in the third quarter worth $228,000. Finally, Gotham Asset Management LLC acquired a new stake in RealPage in the first quarter worth $200,000. Institutional investors own 70.14% of the company’s stock.
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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