Amalgamated Bank boosted its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,534 shares of the software maker’s stock after acquiring an additional 908 shares during the period. Amalgamated Bank’s holdings in RealPage were worth $271,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of RealPage by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage during the first quarter worth about $163,000. Bessemer Group Inc. grew its holdings in shares of RealPage by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage during the first quarter worth about $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage during the second quarter worth about $209,000. Institutional investors own 70.49% of the company’s stock.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis.
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In other RealPage news, EVP Andrew Blount sold 17,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total transaction of $697,725.00. Following the transaction, the executive vice president now owns 179,857 shares in the company, valued at $7,170,898.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Stephen T. Winn sold 159,600 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $38.98, for a total value of $6,221,208.00. Following the transaction, the chairman now owns 3,352,600 shares in the company, valued at approximately $130,684,348. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,982,789 shares of company stock worth $80,002,714. Corporate insiders own 33.24% of the company’s stock.
A number of equities research analysts have recently commented on RP shares. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price target (up from $40.00) on shares of RealPage in a report on Tuesday, July 18th. KeyCorp started coverage on shares of RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of RealPage from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.29.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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