GSA Capital Partners LLP lifted its holdings in RealPage Inc (NASDAQ:RP) by 161.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,547 shares of the software maker’s stock after buying an additional 6,506 shares during the period. GSA Capital Partners LLP’s holdings in RealPage were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Next Century Growth Investors LLC acquired a new stake in RealPage during the first quarter worth about $143,000. Mount Yale Investment Advisors LLC acquired a new stake in RealPage during the first quarter worth about $164,000. First Manhattan Co. increased its position in RealPage by 78.9% during the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after purchasing an additional 1,500 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in RealPage during the second quarter worth about $204,000. Finally, Signition LP acquired a new stake in RealPage during the second quarter worth about $225,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RP opened at $63.65 on Friday. RealPage Inc has a 1-year low of $38.40 and a 1-year high of $64.80. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 176.81 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The business had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $215.14 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. equities research analysts predict that RealPage Inc will post 1.03 earnings per share for the current fiscal year.
RP has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. KeyCorp reiterated an “overweight” rating and set a $72.00 price target (down from $84.00) on shares of RealPage in a research report on Friday. JPMorgan Chase & Co. initiated coverage on shares of RealPage in a research report on Thursday, June 21st. They set an “overweight” rating and a $76.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on shares of RealPage to $64.00 and gave the company a “sector perform” rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $64.50.
In related news, Chairman Stephen T. Winn sold 794,939 shares of RealPage stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $56.73, for a total value of $45,096,889.47. Following the completion of the transaction, the chairman now owns 1,674,645 shares in the company, valued at $95,002,610.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alfred R. Berkeley III sold 4,000 shares of RealPage stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $59.23, for a total transaction of $236,920.00. Following the completion of the transaction, the director now owns 35,881 shares of the company’s stock, valued at approximately $2,125,231.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,339,250 shares of company stock valued at $198,121,298. Company insiders own 24.91% of the company’s stock.
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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