RealPage’s (RP) Hold Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their hold rating on shares of RealPage (NASDAQ:RP) in a report released on Wednesday morning. The brokerage currently has a $49.00 price target on the software maker’s stock.

A number of other brokerages also recently weighed in on RP. BidaskClub upgraded RealPage from a hold rating to a buy rating in a report on Thursday, January 11th. Zacks Investment Research upgraded RealPage from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Wednesday, January 10th. Stephens upped their target price on RealPage from $50.00 to $54.00 and gave the company an overweight rating in a report on Friday, December 29th. Morgan Stanley assumed coverage on RealPage in a report on Monday, November 20th. They issued an equal weight rating and a $48.00 target price on the stock. Finally, Benchmark upped their target price on RealPage from $43.00 to $51.00 and gave the company a buy rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $49.00.

Shares of RealPage (NASDAQ RP) traded up $0.40 on Wednesday, hitting $48.60. The stock had a trading volume of 304,792 shares, compared to its average volume of 490,825. The firm has a market cap of $4,000.00, a P/E ratio of 138.86 and a beta of 1.09. RealPage has a one year low of $28.00 and a one year high of $49.10. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76.

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 analysts’ consensus estimates of $0.22. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. equities analysts predict that RealPage will post 0.57 earnings per share for the current year.

In related news, major shareholder Seren Capital, Ltd. sold 188,601 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $43.57, for a total value of $8,217,345.57. Following the transaction, the insider now owns 17,815,796 shares in the company, valued at $776,234,231.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $46.90, for a total value of $375,200.00. Following the completion of the transaction, the chief financial officer now owns 174,475 shares in the company, valued at approximately $8,182,877.50. The disclosure for this sale can be found here. Insiders sold 2,643,467 shares of company stock worth $118,207,199 in the last 90 days. 30.31% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in RP. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in RealPage by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares during the last quarter. Breton Hill Capital Ltd. acquired a new position in RealPage during the third quarter valued at approximately $228,000. Tiedemann Wealth Management LLC grew its holdings in RealPage by 33.7% during the third quarter. Tiedemann Wealth Management LLC now owns 24,080 shares of the software maker’s stock valued at $244,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in RealPage by 4,060.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,072 shares of the software maker’s stock valued at $255,000 after purchasing an additional 6,902 shares during the last quarter. Institutional investors own 73.58% of the company’s stock.

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About RealPage

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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