RealPage, Inc. (NASDAQ:RP) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
RP has been the topic of a number of other reports. Benchmark Co. upped their target price on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 target price (up from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Deutsche Bank AG restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Finally, Stephens restated an “overweight” rating and set a $47.00 target price (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.33.
Shares of RealPage (RP) traded up $0.05 on Friday, hitting $44.10. 383,600 shares of the stock traded hands, compared to its average volume of 527,850. The firm has a market capitalization of $3,654.96, a PE ratio of 80.18 and a beta of 1.09. RealPage has a 1-year low of $27.20 and a 1-year high of $45.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.87.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 analysts’ expectations of $170.73 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. equities research analysts forecast that RealPage will post 0.57 EPS for the current year.
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In other news, Director Alfred R. Berkeley III sold 3,500 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the completion of the sale, the director now directly owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO W Bryan Hill sold 5,800 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total value of $231,536.00. Following the completion of the sale, 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. Insiders sold 1,642,119 shares of company stock worth $66,698,588 over the last quarter. 33.24% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of RP. Wells Fargo & Company MN lifted its holdings in shares of RealPage by 35.5% during the third quarter. Wells Fargo & Company MN now owns 467,705 shares of the software maker’s stock worth $18,662,000 after purchasing an additional 122,526 shares during the period. Legal & General Group Plc lifted its holdings in shares of RealPage by 17.8% during the third quarter. Legal & General Group Plc now owns 25,759 shares of the software maker’s stock worth $1,031,000 after purchasing an additional 3,901 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of RealPage by 2.6% during the third quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock worth $101,365,000 after purchasing an additional 63,354 shares during the period. American International Group Inc. lifted its holdings in shares of RealPage by 8.1% during the third quarter. American International Group Inc. now owns 39,358 shares of the software maker’s stock worth $1,570,000 after purchasing an additional 2,943 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of RealPage during the third quarter worth $7,577,000. 70.18% of the stock is owned by institutional investors and hedge funds.
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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