Ameritas Investment Partners Inc. lifted its stake in shares of RealPage, Inc. (NASDAQ:RP) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,153 shares of the software maker’s stock after purchasing an additional 485 shares during the period. Ameritas Investment Partners Inc.’s holdings in RealPage were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of RealPage by 3.9% during the second quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock worth $165,700,000 after purchasing an additional 172,131 shares in the last quarter. Stockbridge Partners LLC grew 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. BlackRock Inc. grew its stake in RealPage by 4.8% during the 2nd quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after acquiring an additional 163,752 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in RealPage during the 2nd quarter valued at about $107,795,000. Finally, Eagle Asset Management Inc. grew its stake in RealPage by 16.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,442,595 shares of the software maker’s stock valued at $87,811,000 after acquiring an additional 348,203 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.
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RealPage (NASDAQ:RP) last released its earnings results on Wednesday, November 1st. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. During the same period in the previous year, the firm earned $0.20 earnings per share. RealPage’s revenue was up 14.9% compared to the same quarter last year.
In other news, EVP Andrew Blount sold 17,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $39.87, for a total transaction of $697,725.00. Following the transaction, the executive vice president now directly owns 179,857 shares of the company’s stock, valued at $7,170,898.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Stephen T. Winn sold 310,411 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total transaction of $12,478,522.20. Following the transaction, the chairman now directly owns 3,050,264 shares in the company, valued at $122,620,612.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,990,789 shares of company stock valued at $80,339,434. 33.24% of the stock is owned by insiders.
Several brokerages recently issued reports on RP. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price objective on shares of RealPage in a research note on Monday, July 24th. Stephens reaffirmed an “overweight” rating and set a $47.00 price objective (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. RealPage presently has an average rating of “Buy” and a consensus target price of $43.14.
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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