D. E. Shaw & Co. Inc. Has $2.16 Million Holdings in RealPage Inc (RP)
D. E. Shaw & Co. Inc. raised its holdings in RealPage Inc (NASDAQ:RP) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,856 shares of the software maker’s stock after acquiring an additional 6,235 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in RealPage were worth $2,162,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Frontier Capital Management Co. LLC lifted its stake in shares of RealPage by 85.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 390,680 shares of the software maker’s stock worth $18,827,000 after buying an additional 179,650 shares during the last quarter. Southside Capital LLC acquired a new stake in shares of RealPage in the fourth quarter worth $5,511,000. Stevens Capital Management LP acquired a new stake in shares of RealPage in the fourth quarter worth $864,000. Virginia Retirement Systems ET AL acquired a new stake in shares of RealPage in the fourth quarter worth $935,000. Finally, Summit Creek Advisors LLC lifted its stake in shares of RealPage by 9.7% in the fourth quarter. Summit Creek Advisors LLC now owns 351,377 shares of the software maker’s stock worth $16,933,000 after buying an additional 31,110 shares during the last quarter. Hedge funds and other institutional investors own 87.69% of the company’s stock.
RP has been the subject of several research analyst reports. BidaskClub upgraded shares of RealPage from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 13th. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. TheStreet upgraded shares of RealPage from a “c” rating to a “b-” rating in a research note on Monday, February 25th. Finally, Morgan Stanley cut their target price on shares of RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, February 27th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. RealPage currently has a consensus rating of “Buy” and an average price target of $64.83.
RealPage (NASDAQ:RP) last released its earnings results on Monday, February 25th. The software maker reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $226.97 million during the quarter, compared to analysts’ expectations of $229.23 million. RealPage had a net margin of 3.99% and a return on equity of 10.59%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. As a group, analysts forecast that RealPage Inc will post 1.25 earnings per share for the current fiscal year.
In other RealPage news, CEO Stephen T. Winn sold 71,989 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $53.59, for a total value of $3,857,890.51. Following the sale, the chief executive officer now owns 1,058,375 shares of the company’s stock, valued at approximately $56,718,316.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred R. Berkeley III sold 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $58.04, for a total transaction of $290,200.00. Following the completion of the sale, the director now directly owns 25,881 shares in the company, valued at approximately $1,502,133.24. The disclosure for this sale can be found here. Insiders sold a total of 1,116,670 shares of company stock worth $65,997,719 in the last three months. Insiders own 24.91% of the company’s stock.
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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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