American Century Companies Inc. boosted its stake in RealPage (NASDAQ:RP) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,753 shares of the software maker’s stock after purchasing an additional 26,356 shares during the quarter. American Century Companies Inc. owned about 0.36% of RealPage worth $15,489,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of RP. BlackRock Inc. grew its holdings in shares of RealPage by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,801,138 shares of the software maker’s stock valued at $168,391,000 after buying an additional 89,642 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in shares of RealPage by 10.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,936,901 shares of the software maker’s stock valued at $85,805,000 after buying an additional 187,399 shares during the last quarter. Contour Asset Management LLC grew its holdings in shares of RealPage by 45.1% during the fourth quarter. Contour Asset Management LLC now owns 1,879,405 shares of the software maker’s stock valued at $83,258,000 after buying an additional 583,958 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of RealPage during the fourth quarter valued at about $69,482,000. Finally, Franklin Resources Inc. grew its holdings in shares of RealPage by 28.2% during the fourth quarter. Franklin Resources Inc. now owns 904,002 shares of the software maker’s stock valued at $40,048,000 after buying an additional 198,616 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of RealPage to $59.00 and gave the company a “sector perform” rating in a report on Friday, May 4th. Morgan Stanley set a $62.00 price objective on shares of RealPage and gave the company a “buy” rating in a report on Friday, May 4th. KeyCorp lifted their price objective on shares of RealPage from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Benchmark lifted their price objective on shares of RealPage from $51.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. RealPage has a consensus rating of “Buy” and an average price target of $61.14.
RealPage opened at $59.55 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.99 and a current ratio of 0.99. RealPage has a fifty-two week low of $32.50 and a fifty-two week high of $61.95. The stock has a market cap of $5.00 billion, a P/E ratio of 165.42 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). RealPage had a net margin of 0.43% and a return on equity of 11.01%. The firm had revenue of $188.39 million for the quarter, compared to the consensus estimate of $186.46 million. equities research analysts predict that RealPage will post 1.05 EPS for the current fiscal year.
In other RealPage news, Chairman Stephen T. Winn sold 521,137 shares of RealPage stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $52.88, for a total value of $27,557,724.56. Following the sale, the chairman now owns 2,550,047 shares of the company’s stock, valued at $134,846,485.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 279,167 shares of RealPage stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $60.53, for a total transaction of $16,897,978.51. Following the completion of the sale, the insider now directly owns 16,660,648 shares in the company, valued at approximately $1,008,469,023.44. The disclosure for this sale can be found here. Insiders have sold 2,308,930 shares of company stock worth $125,034,032 over the last three months. 24.91% of the stock is owned by insiders.
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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