Peregrine Capital Management LLC decreased its holdings in RealPage, Inc. (NASDAQ:RP) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 955,801 shares of the software maker’s stock after selling 70,079 shares during the quarter. RealPage accounts for approximately 0.9% of Peregrine Capital Management LLC’s holdings, making the stock its 13th largest position. Peregrine Capital Management LLC owned approximately 1.21% of RealPage worth $38,136,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in RP. Vanguard Group Inc. boosted its stake in RealPage by 3.9% during the second quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock valued at $165,700,000 after buying an additional 172,131 shares in the last quarter. Stockbridge Partners LLC boosted its stake in RealPage by 26.2% during the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after buying an additional 790,297 shares in the last quarter. BlackRock Inc. boosted its stake in RealPage by 4.8% during the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after buying an additional 163,752 shares in the last quarter. Janus Henderson Group PLC bought a new position in RealPage during the second quarter valued at about $107,795,000. Finally, Eagle Asset Management Inc. boosted its stake in RealPage by 16.6% during the second quarter. Eagle Asset Management Inc. now owns 2,442,595 shares of the software maker’s stock valued at $87,811,000 after buying an additional 348,203 shares in the last quarter. 70.59% of the stock is owned by institutional investors.
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Shares of RealPage, Inc. (NASDAQ:RP) traded down 0.289% during midday trading on Monday, reaching $43.075. The company had a trading volume of 19,825 shares. RealPage, Inc. has a 52-week low of $26.45 and a 52-week high of $43.85. The firm has a market cap of $3.40 billion, a P/E ratio of 134.609 and a beta of 1.09. The company’s 50-day moving average is $41.27 and its 200-day moving average is $38.52.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $160.02 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that RealPage, Inc. will post $0.92 EPS for the current fiscal year.
A number of research firms recently weighed in on RP. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 price target on shares of RealPage in a research report on Monday, September 11th. KeyCorp began coverage on RealPage in a research report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.29.
In other news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total value of $336,720.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ashley Chaffin Glover sold 13,822 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $42.46, for a total value of $586,882.12. Following the completion of the sale, the executive vice president now owns 107,154 shares in the company, valued at $4,549,758.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,990,789 shares of company stock valued at $80,339,434. Insiders own 33.24% of the company’s stock.
RealPage Company Profile
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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