RealPage, Inc. (RP) Price Target Raised to $51.00 at Benchmark Co.

RealPage, Inc. (NASDAQ:RP) had its price objective lifted by Benchmark Co. from $43.00 to $51.00 in a research report report published on Wednesday. Benchmark Co. currently has a buy rating on the software maker’s stock.

Several other research firms have also recently weighed in on RP. Zacks Investment Research cut shares of RealPage from a hold rating to a sell rating in a research report on Tuesday, September 12th. Deutsche Bank AG reissued a buy rating and issued a $42.00 target price (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. KeyCorp started coverage on shares of RealPage in a report on Thursday, September 7th. They issued an overweight rating and a $50.00 target price for the company. Royal Bank Of Canada increased their target price on shares of RealPage from $38.00 to $42.00 and gave the stock a sector perform rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of RealPage from a hold rating to a buy rating in a report on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $43.14.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. RealPage’s revenue was up 13.2% compared to the same quarter last year.

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In other news, CFO W Bryan Hill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total value of $336,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ashley Chaffin Glover sold 13,822 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 107,154 shares of the company’s stock, valued at approximately $4,549,758.84. The disclosure for this sale can be found here. Insiders sold 1,990,789 shares of company stock valued at $80,339,434 in the last three months. Company insiders own 33.24% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RP. UBS Asset Management Americas Inc. increased its position in RealPage by 170.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock valued at $983,000 after purchasing an additional 17,757 shares during the period. JPMorgan Chase & Co. increased its position in RealPage by 49.6% during the 1st quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock valued at $4,020,000 after purchasing an additional 38,188 shares during the period. California Public Employees Retirement System increased its position in RealPage by 2.2% during the 1st quarter. California Public Employees Retirement System now owns 165,200 shares of the software maker’s stock valued at $5,765,000 after purchasing an additional 3,600 shares during the period. Legal & General Group Plc increased its position in RealPage by 2.0% during the 1st quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock valued at $733,000 after purchasing an additional 402 shares during the period. Finally, Vanguard Group Inc. increased its position in RealPage by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 4,437,066 shares of the software maker’s stock valued at $154,855,000 after purchasing an additional 197,060 shares during the period. 70.59% of the stock is owned by institutional investors.

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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