BidaskClub upgraded shares of RealPage (NASDAQ:RP) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised RealPage from a sell rating to a hold rating in a report on Wednesday, August 15th. KeyCorp raised their target price on RealPage from $65.00 to $67.00 and gave the company an overweight rating in a report on Friday, August 3rd. Royal Bank of Canada raised their target price on RealPage to $64.00 and gave the company a sector perform rating in a report on Friday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on RealPage in a report on Thursday, June 21st. They issued an overweight rating and a $76.00 target price for the company. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $63.88.

Shares of NASDAQ RP opened at $61.10 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96. RealPage has a 1-year low of $38.40 and a 1-year high of $63.75. The firm has a market cap of $5.72 billion, a P/E ratio of 169.72 and a beta of 1.15.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The firm had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. sell-side analysts predict that RealPage will post 1.03 earnings per share for the current fiscal year.

In other RealPage news, CFO W Bryan Hill sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $61.55, for a total value of $1,538,750.00. Following the completion of the sale, the chief financial officer now owns 151,341 shares of the company’s stock, valued at $9,315,038.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David G. Monk sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $61.55, for a total value of $1,231,000.00. Following the completion of the sale, the executive vice president now directly owns 55,819 shares of the company’s stock, valued at approximately $3,435,659.45. The disclosure for this sale can be found here. In the last three months, insiders sold 2,599,264 shares of company stock valued at $152,462,542. 24.91% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Next Century Growth Investors LLC acquired a new position in shares of RealPage during the 1st quarter worth $143,000. Mount Yale Investment Advisors LLC acquired a new position in shares of RealPage during the 1st quarter worth $164,000. First Manhattan Co. raised its stake in shares of RealPage by 78.9% during the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after buying an additional 1,500 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of RealPage during the 2nd quarter worth $204,000. Finally, GSA Capital Partners LLP acquired a new position in shares of RealPage during the 1st quarter worth $208,000. 81.10% of the stock is owned by institutional investors and hedge funds.

RealPage Company Profile

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Analyst Recommendations for RealPage (NASDAQ:RP)

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