Dynamic Technology Lab Private Ltd grew its holdings in RealPage, Inc. (NASDAQ:RP) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,163 shares of the software maker’s stock after acquiring an additional 850 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in RealPage were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in RP. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of RealPage by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after buying an additional 485 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage in the first quarter worth about $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage in the second quarter worth about $209,000. Institutional investors and hedge funds own 70.59% of the company’s stock.
In other RealPage news, Chairman Stephen T. Winn sold 310,411 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $12,478,522.20. Following the transaction, the chairman now directly owns 3,050,264 shares of the company’s stock, valued at approximately $122,620,612.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Blount sold 17,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 179,857 shares in the company, valued at $7,170,898.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,990,789 shares of company stock worth $80,339,434. 33.24% of the stock is currently owned by insiders.
Shares of RealPage, Inc. (NASDAQ:RP) opened at 43.20 on Monday. The firm’s 50-day moving average price is $41.27 and its 200-day moving average price is $38.52. The stock has a market capitalization of $3.41 billion, a P/E ratio of 135.00 and a beta of 1.09. RealPage, Inc. has a 12 month low of $26.45 and a 12 month high of $43.85.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $161.30 million for the quarter, compared to analysts’ expectations of $160.02 million. During the same period in the previous year, the firm posted $0.18 EPS. RealPage’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that RealPage, Inc. will post $0.92 EPS for the current year.
RP has been the topic of a number of research analyst reports. Deutsche Bank AG boosted their target price on RealPage from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $38.00 target price on shares of RealPage in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.29.
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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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