Westfield Capital Management Co. LP Acquires 118,865 Shares of RealPage, Inc. (RP)

Westfield Capital Management Co. LP grew its holdings in shares of RealPage, Inc. (NASDAQ:RP) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 924,228 shares of the software maker’s stock after purchasing an additional 118,865 shares during the quarter. Westfield Capital Management Co. LP owned about 1.12% of RealPage worth $36,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Martingale Asset Management L P grew its stake in RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after buying an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in RealPage by 0.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after buying an additional 100 shares during the last quarter. Bessemer Group Inc. grew its stake in RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Renaissance Group LLC grew its stake in RealPage by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after buying an additional 218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

In related news, major shareholder Seren Capital, Ltd. sold 98,160 shares of RealPage stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $41.55, for a total transaction of $4,078,548.00. Following the completion of the transaction, the insider now directly owns 18,298,476 shares of the company’s stock, valued at approximately $760,301,677.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO W Bryan Hill sold 5,800 shares of RealPage stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total transaction of $231,536.00. Following the transaction, the chief financial officer now directly owns 237,367 shares of the company’s stock, valued at $9,475,690.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,891,011 shares of company stock worth $123,892,782. 30.31% of the stock is owned by company insiders.

Several research firms have issued reports on RP. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub upgraded shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th. Morgan Stanley began coverage on shares of RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price target on the stock. Benchmark raised their price target on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $42.00 price target on shares of RealPage in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. RealPage currently has an average rating of “Buy” and an average price target of $46.57.

Shares of RealPage, Inc. (RP) opened at $44.95 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. RealPage, Inc. has a 12-month low of $28.00 and a 12-month high of $46.80. The firm has a market cap of $3,720.00, a PE ratio of 81.73 and a beta of 1.08.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The business had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. analysts anticipate that RealPage, Inc. will post 0.57 earnings per share for the current year.

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RealPage 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.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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