RealPage, Inc. (NASDAQ:RP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a report released on Monday. They currently have a $38.00 price objective on the software maker’s stock. Royal Bank Of Canada’s price target points to a potential downside of 3.31% from the stock’s previous close.

Several other equities research analysts also recently issued reports on RP. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG increased their target price on RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, JMP Securities restated an “outperform” rating and set a $43.00 target price on shares of RealPage in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $37.00.

Shares of RealPage (NASDAQ RP) traded up 0.38% during midday trading on Monday, hitting $39.30. The company’s stock had a trading volume of 359,833 shares. The company has a market cap of $3.08 billion, a P/E ratio of 145.02 and a beta of 1.10. RealPage has a 1-year low of $23.69 and a 1-year high of $40.05. The company has a 50-day moving average price of $36.71 and a 200 day moving average price of $34.71.

RealPage (NASDAQ:RP) last posted its earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $153.62 million for the quarter, compared to the consensus estimate of $152.21 million. RealPage had a return on equity of 10.51% and a net margin of 3.69%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. On average, equities research analysts predict that RealPage will post $0.92 EPS for the current year.

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In other news, major shareholder Seren Capital, Ltd. sold 47,880 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $37.17, for a total value of $1,779,699.60. Following the transaction, the insider now owns 18,590,136 shares of the company’s stock, valued at $690,995,355.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total transaction of $5,491,836.00. Following the completion of the transaction, the chairman now directly owns 3,789,472 shares in the company, valued at approximately $130,395,731.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,352,610 shares of company stock worth $47,682,056. Company insiders own 33.24% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RP. State Street Corp boosted its position in RealPage by 4.0% in the fourth quarter. State Street Corp now owns 971,943 shares of the software maker’s stock worth $29,157,000 after buying an additional 37,156 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in RealPage by 549.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,307 shares of the software maker’s stock worth $2,739,000 after buying an additional 77,246 shares in the last quarter. Guggenheim Capital LLC purchased a new position in RealPage during the fourth quarter worth approximately $222,000. AQR Capital Management LLC boosted its position in RealPage by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 67,940 shares of the software maker’s stock worth $2,038,000 after buying an additional 3,931 shares in the last quarter. Finally, Norges Bank purchased a new position in RealPage during the fourth quarter worth approximately $12,910,000. 66.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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