RealPage (RP) Reaches New 12-Month High at $64.45

RealPage Inc (NASDAQ:RP) shares reached a new 52-week high during trading on Friday . The company traded as high as $64.45 and last traded at $64.50, with a volume of 18050 shares changing hands. The stock had previously closed at $62.80.

A number of research firms have recently commented on RP. KeyCorp restated an “overweight” rating and set a $72.00 price target (down from $84.00) on shares of RealPage in a research report on Friday. BidaskClub upgraded shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. JPMorgan Chase & Co. started coverage on shares of RealPage in a report on Thursday, June 21st. They set an “overweight” rating and a $76.00 price objective for the company. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Royal Bank of Canada lifted their price objective on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a report on Friday, August 3rd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $64.50.

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $5.84 billion, a PE ratio of 176.81 and a beta of 1.15.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. During the same period in the previous year, the firm posted $0.23 EPS. The firm’s revenue was up 33.3% compared to the same quarter last year. equities analysts predict that RealPage Inc will post 1.03 EPS for the current year.

In other news, Chairman Stephen T. Winn sold 794,939 shares of RealPage stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $56.73, for a total transaction of $45,096,889.47. Following the completion of the sale, the chairman now directly owns 1,674,645 shares of the company’s stock, valued at approximately $95,002,610.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $56.61, for a total transaction of $452,880.00. Following the sale, the chief financial officer now directly owns 184,341 shares of the company’s stock, valued at $10,435,544.01. The disclosure for this sale can be found here. Insiders have sold a total of 3,339,250 shares of company stock valued at $198,121,298 over the last ninety days. 24.91% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Next Century Growth Investors LLC bought a new stake in RealPage in the first quarter worth $143,000. Mount Yale Investment Advisors LLC bought a new stake in RealPage in the first quarter worth $164,000. First Manhattan Co. lifted its stake in RealPage by 78.9% in 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 bought a new stake in RealPage in the second quarter worth $204,000. Finally, GSA Capital Partners LLP bought a new stake in RealPage in the first quarter worth $208,000. 81.13% of the stock is owned by institutional investors and hedge funds.

About RealPage (NASDAQ:RP)

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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