KeyCorp started coverage on shares of RealPage, Inc. (NASDAQ:RP) in a research note issued on Thursday, The Fly reports. The firm set an “overweight” rating on the software maker’s stock.

A number of other analysts have also recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price target on shares of RealPage in a report on Monday, July 24th. JMP Securities reissued an “outperform” rating and set a $43.00 price target on shares of RealPage in a report on Monday, May 15th. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. RealPage currently has an average rating of “Buy” and an average price target of $39.83.

Shares of RealPage (NASDAQ RP) traded down 0.12% on Thursday, reaching $41.45. The company’s stock had a trading volume of 372,794 shares. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 129.53 and a beta of 1.06. RealPage has a 52-week low of $23.69 and a 52-week high of $43.65. The stock has a 50-day moving average of $40.50 and a 200 day moving average of $36.90.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that RealPage will post $0.93 earnings per share for the current year.

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In other news, EVP William P. Chaney sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $41.30, for a total value of $619,500.00. Following the completion of the transaction, the executive vice president now owns 196,339 shares of the company’s stock, valued at $8,108,800.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Stephen T. Winn sold 159,600 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $34.93, for a total value of $5,574,828.00. Following the completion of the transaction, the chairman now directly owns 3,581,629 shares of the company’s stock, valued at approximately $125,106,300.97. The disclosure for this sale can be found here. Insiders have sold 1,320,884 shares of company stock valued at $50,631,291 in the last three months. 33.24% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of RealPage by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock worth $1,369,000 after buying an additional 100 shares in the last quarter. Martingale Asset Management L P lifted its position in shares of RealPage by 1.4% in the second quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock worth $260,000 after buying an additional 100 shares in the last quarter. Renaissance Group LLC lifted its position in shares of RealPage by 2.4% in the second quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock worth $339,000 after buying an additional 218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares in the last quarter. 70.49% of the stock is 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.

The Fly

Analyst Recommendations for RealPage (NASDAQ:RP)

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