Zacks Investment Research downgraded shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

RP has been the subject of a number of other reports. Morgan Stanley initiated coverage on RealPage in a research note on Monday, November 20th. They issued an equal weight rating and a $48.00 price objective for the company. BidaskClub upgraded RealPage from a hold rating to a buy rating in a report on Saturday, October 7th. Stephens lifted their target price on RealPage from $50.00 to $54.00 and gave the company an overweight rating in a report on Friday, December 29th. Royal Bank of Canada reiterated a hold rating and issued a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Finally, Benchmark lifted their target price on RealPage from $43.00 to $51.00 and gave the company a buy rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. RealPage has a consensus rating of Buy and a consensus target price of $48.13.

Shares of RealPage (RP) opened at $48.45 on Tuesday. RealPage has a one year low of $28.00 and a one year high of $48.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3,961.64, a price-to-earnings ratio of 86.91 and a beta of 1.09.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $170.73 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. sell-side analysts predict that RealPage will post 0.57 EPS for the current fiscal year.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 121,180 shares of RealPage stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $45.52, for a total transaction of $5,516,113.60. Following the completion of the sale, the insider now directly owns 17,249,554 shares of the company’s stock, valued at approximately $785,199,698.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $46.90, for a total value of $375,200.00. Following the sale, the chief financial officer now directly owns 174,475 shares of the company’s stock, valued at $8,182,877.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,643,467 shares of company stock valued at $118,207,199. 30.31% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares during the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of RealPage in the 3rd quarter valued at about $228,000. Tiedemann Wealth Management LLC lifted its holdings in shares of RealPage by 33.7% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 24,080 shares of the software maker’s stock valued at $244,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of RealPage by 4,060.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,072 shares of the software maker’s stock valued at $255,000 after purchasing an additional 6,902 shares during the last quarter. 73.58% of the stock is owned by institutional investors.

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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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