RealPage Inc (NASDAQ:RP) has been assigned an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $63.14.

RP has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of RealPage in a research note on Thursday, June 21st. They issued an “overweight” rating and a $76.00 target price for the company. Royal Bank of Canada raised their target price on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research note on Friday, August 3rd. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. KeyCorp raised their price objective on shares of RealPage from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th.

RP stock opened at $62.00 on Wednesday. RealPage has a one year low of $38.40 and a one year high of $63.75. The firm has a market capitalization of $5.73 billion, a PE ratio of 172.22 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

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

In related news, Director Alfred R. Berkeley III sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $60.60, for a total value of $60,600.00. Following the completion of the sale, the director now owns 34,881 shares in the company, valued at $2,113,788.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 476,962 shares of the firm’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $56.73, for a total transaction of $27,058,054.26. Following the completion of the sale, the insider now owns 15,775,563 shares of the company’s stock, valued at approximately $894,947,688.99. The disclosure for this sale can be found here. Insiders sold 2,617,264 shares of company stock valued at $153,595,832 in the last quarter. Company insiders own 24.91% of the company’s stock.

Large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. increased its holdings in RealPage by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after acquiring an additional 875 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in RealPage by 71.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,272 shares of the software maker’s stock valued at $346,000 after acquiring an additional 2,604 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in RealPage by 63.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 345,284 shares of the software maker’s stock valued at $19,025,000 after acquiring an additional 134,068 shares in the last quarter. Tygh Capital Management Inc. increased its holdings in RealPage by 56.6% during the 2nd quarter. Tygh Capital Management Inc. now owns 245,708 shares of the software maker’s stock valued at $13,539,000 after acquiring an additional 88,826 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in RealPage during the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

About RealPage

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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