Dana Investment Advisors Inc. lessened its holdings in RealPage Inc (NASDAQ:RP) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,551 shares of the software maker’s stock after selling 2,423 shares during the period. Dana Investment Advisors Inc.’s holdings in RealPage were worth $1,858,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of RP. Comerica Bank bought a new stake in shares of RealPage during the 3rd quarter worth approximately $1,723,000. Dupont Capital Management Corp acquired a new position in shares of RealPage during the 3rd quarter worth approximately $720,000. MML Investors Services LLC acquired a new position in shares of RealPage during the 3rd quarter worth approximately $476,000. FNY Investment Advisers LLC acquired a new position in shares of RealPage during the 3rd quarter worth approximately $131,000. Finally, Swiss National Bank increased its holdings in shares of RealPage by 10.3% during the 3rd quarter. Swiss National Bank now owns 127,700 shares of the software maker’s stock worth $8,415,000 after acquiring an additional 11,900 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
Shares of NASDAQ RP opened at $61.35 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.55. RealPage Inc has a one year low of $42.90 and a one year high of $66.25. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 55.77 and a beta of 1.51.
RealPage (NASDAQ:RP) last released its earnings results on Monday, February 25th. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $226.97 million for the quarter, compared to analyst estimates of $229.23 million. RealPage had a return on equity of 10.59% and a net margin of 3.99%. RealPage’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. Equities analysts forecast that RealPage Inc will post 1.24 earnings per share for the current fiscal year.
In other news, Director Alfred R. Berkeley III sold 5,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $58.04, for a total transaction of $290,200.00. Following the sale, the director now directly owns 25,881 shares of the company’s stock, valued at approximately $1,502,133.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas C. Ernst, Jr. sold 1,715 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.52, for a total value of $103,791.80. Following the sale, the chief financial officer now directly owns 67,800 shares in the company, valued at $4,103,256. The disclosure for this sale can be found here. Over the last three months, insiders have sold 707,612 shares of company stock worth $37,909,248. 24.91% of the stock is currently owned by insiders.
A number of research analysts have commented on RP shares. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. William Blair reaffirmed an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Morgan Stanley decreased their price objective on RealPage from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, February 27th. Finally, ValuEngine raised RealPage from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. RealPage presently has a consensus rating of “Buy” and an average target price of $65.80.
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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