Disciplined Growth Investors Inc. MN increased its position in RealPage, Inc. (NASDAQ:RP) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,886,822 shares of the software maker’s stock after purchasing an additional 1,420 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 2.39% of RealPage worth $67,831,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in RealPage by 70,939.4% during the 1st quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after acquiring an additional 3,382,391 shares in the last quarter. Janus Henderson Group PLC bought a new position in RealPage during the 2nd quarter valued at $107,795,000. Royal Bank of Canada lifted its stake in RealPage by 89,197.4% during the 2nd quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock valued at $34,092,000 after acquiring an additional 947,276 shares in the last quarter. Stockbridge Partners LLC lifted its stake in RealPage by 26.2% during the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after acquiring an additional 790,297 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in RealPage by 74.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock valued at $49,558,000 after acquiring an additional 586,144 shares in the last quarter. Institutional investors own 70.49% of the company’s stock.
In related news, EVP Andrew Blount sold 17,500 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total transaction of $697,725.00. Following the completion of the sale, the executive vice president now owns 179,857 shares in the company, valued at $7,170,898.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $38.98, for a total value of $3,732,724.80. Following the sale, the insider now owns 18,486,216 shares of the company’s stock, valued at approximately $720,592,699.68. The disclosure for this sale can be found here. Insiders sold 1,982,789 shares of company stock worth $80,002,714 in the last ninety days. Corporate insiders own 33.24% of the company’s stock.
Several brokerages have weighed in on RP. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price objective on shares of RealPage in a research note on Monday, September 11th. Finally, KeyCorp began coverage on RealPage in a research note on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.29.
Shares of RealPage, Inc. (NASDAQ RP) traded up 0.94% during trading on Friday, reaching $42.90. The company’s stock had a trading volume of 114,215 shares. The stock’s 50 day moving average is $41.02 and its 200 day moving average is $37.94. The firm has a market cap of $3.39 billion, a P/E ratio of 134.06 and a beta of 1.09. RealPage, Inc. has a one year low of $24.00 and a one year high of $43.65.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that RealPage, Inc. will post $0.92 EPS for the current fiscal year.
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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