Tygh Capital Management Inc. increased its stake in shares of RealPage Inc (NASDAQ:RP) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,257 shares of the software maker’s stock after acquiring an additional 23,295 shares during the period. RealPage comprises 2.1% of Tygh Capital Management Inc.’s holdings, making the stock its 11th largest position. Tygh Capital Management Inc. owned approximately 0.22% of RealPage worth $9,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price Capital Management Inc. purchased a new position in shares of RealPage in the third quarter valued at approximately $132,000. FNY Investment Advisers LLC purchased a new position in shares of RealPage in the third quarter valued at approximately $131,000. Parametrica Management Ltd purchased a new position in shares of RealPage in the third quarter valued at approximately $210,000. Raymond James Trust N.A. purchased a new position in shares of RealPage in the third quarter valued at approximately $219,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of RealPage in the third quarter valued at approximately $231,000. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 5th. ValuEngine upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada upgraded RealPage from a “sector perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research report on Wednesday, November 21st. Finally, Morgan Stanley set a $63.00 price objective on RealPage and gave the stock a “buy” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.29.

In other news, major shareholder Seren Capital, Ltd. sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $46.64, for a total transaction of $4,664,000.00. Following the completion of the transaction, the insider now directly owns 14,056,687 shares of the company’s stock, valued at approximately $655,603,881.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen T. Winn sold 71,989 shares of the company’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $53.59, for a total value of $3,857,890.51. Following the transaction, the chief executive officer now directly owns 1,058,375 shares of the company’s stock, valued at $56,718,316.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,151,323 shares of company stock valued at $58,060,692 over the last three months. 24.91% of the stock is currently owned by insiders.

RP traded up $0.58 on Tuesday, hitting $58.00. 4,477 shares of the company were exchanged, compared to its average volume of 671,971. RealPage Inc has a twelve month low of $42.90 and a twelve month high of $66.25. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 160.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.83 and a quick ratio of 0.83.

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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.

Further Reading: Float

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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