RealPage (NASDAQ:RP) had its target price hoisted by research analysts at Stephens from $50.00 to $54.00 in a research note issued on Friday, The Fly reports. The brokerage presently has an “overweight” rating on the software maker’s stock. Stephens’ target price points to a potential upside of 21.08% from the company’s previous close.
Other research analysts have also issued reports about the stock. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Benchmark raised their target price on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Morgan Stanley started coverage on shares of RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price for the company. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $42.00 target price on shares of RealPage in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.57.
Shares of RealPage (NASDAQ:RP) opened at $44.60 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. RealPage has a fifty-two week low of $28.00 and a fifty-two week high of $46.80. The stock has a market cap of $3,671.56, a P/E ratio of 127.43 and a beta of 1.08.
In related news, major shareholder Seren Capital, Ltd. sold 109,709 shares of RealPage stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $44.33, for a total value of $4,863,399.97. Following the completion of the sale, the insider now directly owns 17,342,250 shares in the company, valued at $768,781,942.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ashley Chaffin Glover sold 10,000 shares of RealPage stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $44.30, for a total value of $443,000.00. Following the completion of the sale, the executive vice president now owns 83,854 shares of the company’s stock, valued at $3,714,732.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,266,402 shares of company stock valued at $101,022,513. 30.31% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of RealPage by 3.9% in the second quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock valued at $165,700,000 after acquiring an additional 172,131 shares in the last quarter. Stockbridge Partners LLC raised its holdings in shares of RealPage by 26.2% in the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after acquiring an additional 790,297 shares in the last quarter. BlackRock Inc. raised its holdings in shares of RealPage by 4.8% in the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after acquiring an additional 163,752 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of RealPage by 6.5% in the third quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock valued at $127,455,000 after acquiring an additional 195,891 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of RealPage by 2.6% in the third quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock valued at $101,365,000 after acquiring an additional 63,354 shares in the last quarter. Hedge funds and other institutional investors own 73.58% of the company’s stock.
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RealPage Company Profile
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.
