Westfield Capital Management Co. LP Cuts Holdings in RealPage Inc (NASDAQ:RP)

Westfield Capital Management Co. LP cut its stake in RealPage Inc (NASDAQ:RP) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 798,574 shares of the software maker’s stock after selling 11,530 shares during the quarter. Westfield Capital Management Co. LP’s holdings in RealPage were worth $48,465,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RP. BNP Paribas Arbitrage SA grew its stake in shares of RealPage by 6.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after acquiring an additional 261 shares in the last quarter. Capital Insight Partners LLC grew its stake in shares of RealPage by 1.8% during the first quarter. Capital Insight Partners LLC now owns 18,229 shares of the software maker’s stock valued at $1,106,000 after acquiring an additional 322 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of RealPage by 0.3% during the first quarter. California State Teachers Retirement System now owns 113,160 shares of the software maker’s stock valued at $6,868,000 after acquiring an additional 381 shares in the last quarter. Comerica Bank grew its stake in RealPage by 1.5% in the fourth quarter. Comerica Bank now owns 31,019 shares of the software maker’s stock worth $1,681,000 after purchasing an additional 452 shares in the last quarter. Finally, Simmons Bank grew its stake in RealPage by 7.4% in the first quarter. Simmons Bank now owns 7,300 shares of the software maker’s stock worth $443,000 after purchasing an additional 500 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.

RP stock traded down $1.04 during midday trading on Friday, reaching $57.11. The company had a trading volume of 15,123 shares, compared to its average volume of 529,178. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36. RealPage Inc has a fifty-two week low of $42.90 and a fifty-two week high of $66.25. The company has a market cap of $5.48 billion, a P/E ratio of 52.00 and a beta of 1.50.

RealPage (NASDAQ:RP) last issued its earnings results on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The company had revenue of $234.30 million during the quarter, compared to the consensus estimate of $234.16 million. During the same period in the previous year, the firm posted $0.37 earnings per share. RealPage’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that RealPage Inc will post 1.26 EPS for the current fiscal year.

In other RealPage news, CEO Stephen T. Winn sold 100,000 shares of RealPage stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $62.51, for a total value of $6,251,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,224,203 shares in the company, valued at $76,524,929.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of RealPage stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $56.16, for a total value of $8,424,000.00. Following the completion of the transaction, the insider now owns 9,737,573 shares of the company’s stock, valued at $546,862,099.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,340,851 shares of company stock valued at $80,483,318. 17.05% of the stock is currently owned by insiders.

RP has been the subject of a number of research reports. DA Davidson initiated coverage on RealPage in a research note on Thursday, March 28th. They issued a “neutral” rating and a $60.00 price target for the company. TheStreet upgraded RealPage from a “c” rating to a “b-” rating in a research note on Monday, February 25th. Morgan Stanley decreased their price target on RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, February 27th. William Blair reiterated an “outperform” rating on shares of RealPage in a research note on Tuesday, February 26th. Finally, BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. RealPage has an average rating of “Buy” and a consensus price target of $66.33.

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About RealPage

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Want to see what other hedge funds are holding RP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealPage Inc (NASDAQ:RP).

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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