RealPage Inc (RP) Shares Sold by Jefferies Group LLC

Jefferies Group LLC reduced its stake in RealPage Inc (NASDAQ:RP) by 52.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,639 shares of the software maker’s stock after selling 17,280 shares during the period. Jefferies Group LLC’s holdings in RealPage were worth $693,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of RP. Carillon Tower Advisers Inc. purchased a new stake in RealPage during the fourth quarter valued at about $69,482,000. King Luther Capital Management Corp lifted its holdings in RealPage by 224.8% during the fourth quarter. King Luther Capital Management Corp now owns 835,001 shares of the software maker’s stock valued at $36,991,000 after purchasing an additional 577,928 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in RealPage by 265.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 694,535 shares of the software maker’s stock valued at $30,768,000 after purchasing an additional 504,625 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in RealPage by 54.6% during the fourth quarter. Wells Fargo & Company MN now owns 723,151 shares of the software maker’s stock valued at $32,035,000 after purchasing an additional 255,446 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in RealPage by 6.5% during the third quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock valued at $127,455,000 after purchasing an additional 195,891 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors.

Shares of RealPage Inc (NASDAQ:RP) opened at $52.80 on Tuesday. RealPage Inc has a fifty-two week low of $32.30 and a fifty-two week high of $54.95. The stock has a market cap of $4,433.05, a PE ratio of 98.80 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The firm had revenue of $188.39 million during the quarter, compared to analysts’ expectations of $186.46 million. research analysts predict that RealPage Inc will post 0.97 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank increased their price target on shares of RealPage to $60.00 in a report on Wednesday, February 28th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, January 10th. Benchmark increased their price target on shares of RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, TheStreet downgraded shares of RealPage from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. RealPage presently has a consensus rating of “Buy” and a consensus target price of $54.00.

In related news, CFO W Bryan Hill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $46.90, for a total value of $375,200.00. Following the transaction, the chief financial officer now directly owns 174,475 shares in the company, valued at $8,182,877.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alfred R. Berkeley III sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $52.86, for a total transaction of $211,440.00. Following the completion of the transaction, the director now owns 36,038 shares in the company, valued at $1,904,968.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,037,889 shares of company stock worth $101,603,435. Insiders own 30.31% of the company’s stock.

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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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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