Great West Life Assurance Co. Can purchased a new position in RealPage Inc (NASDAQ:RP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,846 shares of the software maker’s stock, valued at approximately $419,000.
A number of other hedge funds have also modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in shares of RealPage by 1,500.0% during the 4th quarter. Quadrant Capital Group LLC now owns 736 shares of the software maker’s stock valued at $38,000 after purchasing an additional 690 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of RealPage during the 4th quarter valued at about $74,000. Aigen Investment Management LP bought a new position in shares of RealPage during the 4th quarter valued at about $210,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of RealPage by 7.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,134 shares of the software maker’s stock valued at $276,000 after purchasing an additional 347 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of RealPage by 10.9% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,847 shares of the software maker’s stock valued at $368,000 after purchasing an additional 576 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.
Shares of NASDAQ:RP opened at $52.07 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.06. RealPage Inc has a 12 month low of $36.91 and a 12 month high of $65.92. The company has a 50-day moving average price of $57.70 and a 200 day moving average price of $57.85. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 85.36 and a beta of 0.84.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, February 27th. The software maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. RealPage had a net margin of 5.89% and a return on equity of 10.14%. The firm had revenue of $254.77 million during the quarter, compared to the consensus estimate of $251.57 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that RealPage Inc will post 1.33 EPS for the current year.
In related news, CEO Stephen T. Winn sold 27,246 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $54.57, for a total value of $1,486,814.22. Following the sale, the chief executive officer now directly owns 1,210,873 shares of the company’s stock, valued at approximately $66,077,339.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David G. Monk sold 62,829 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $53.65, for a total transaction of $3,370,775.85. Following the completion of the sale, the executive vice president now directly owns 219,886 shares in the company, valued at $11,796,883.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 615,530 shares of company stock valued at $35,802,703. 17.05% of the stock is owned by insiders.
RP has been the subject of several research reports. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $74.00 price objective (up previously from $67.00) on shares of RealPage in a report on Friday, February 28th. ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “sell” rating in a report on Friday, March 6th. Finally, KeyCorp dropped their price objective on shares of RealPage from $72.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.88.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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