Hsbc Holdings PLC Purchases New Position in RealPage, Inc. (NASDAQ:RP)


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Hsbc Holdings PLC purchased a new stake in shares of RealPage, Inc. (NASDAQ:RP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,135 shares of the software maker’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in RP. Virtu Financial LLC purchased a new stake in RealPage in the fourth quarter worth approximately $690,000. Sculptor Capital LP purchased a new stake in RealPage in the fourth quarter worth approximately $50,996,000. Truist Financial Corp boosted its holdings in RealPage by 89.8% in the fourth quarter. Truist Financial Corp now owns 10,590 shares of the software maker’s stock worth $924,000 after purchasing an additional 5,009 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in RealPage by 103.3% in the fourth quarter. Voloridge Investment Management LLC now owns 8,769 shares of the software maker’s stock worth $765,000 after purchasing an additional 4,455 shares during the last quarter. Finally, Cetera Advisor Networks LLC purchased a new stake in RealPage in the fourth quarter worth approximately $334,000. 91.94% of the stock is owned by institutional investors.

RP opened at $87.83 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.21 and a current ratio of 1.21. RealPage, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $89.20. The firm’s fifty day moving average is $87.27 and its 200 day moving average is $76.28. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 162.65 and a beta of 1.20.

RealPage (NASDAQ:RP) last released its earnings results on Wednesday, February 10th. The software maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. RealPage had a net margin of 4.79% and a return on equity of 9.64%. The company had revenue of $298.06 million for the quarter, compared to analysts’ expectations of $294.66 million. During the same quarter in the previous year, the company earned $0.48 EPS. RealPage’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts predict that RealPage, Inc. will post 1.47 earnings per share for the current year.

Several equities research analysts recently issued reports on RP shares. JMP Securities raised their target price on shares of RealPage from $80.00 to $101.00 in a report on Tuesday, December 22nd. William Blair cut shares of RealPage from an “outperform” rating to a “market perform” rating in a report on Thursday, February 4th. Royal Bank of Canada cut shares of RealPage from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $76.00 to $88.75 in a report on Monday, December 21st. Keefe, Bruyette & Woods cut shares of RealPage from an “outperform” rating to a “market perform” rating and set a $88.75 price target on the stock. in a research note on Monday, December 21st. Finally, Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Friday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $85.28.

About RealPage

RealPage, Inc engages in the provision of software and data analytics to the real estate industry. It includes marketing, leasing, living, site management, expense management, and financial solutions. It also offers services such as accessibility inspection, compliance, credentialing, vendor marketplace, vendor catalog and e-invoices, RealPage exchange, professional, RealPage training, support, residential technology, billing, and SmartSource accounting.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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