Rothschild & Co. Asset Management US Inc. Sells 83,840 Shares of RealPage Inc (RP)

Rothschild & Co. Asset Management US Inc. lowered its holdings in RealPage Inc (NASDAQ:RP) by 11.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 677,107 shares of the software maker’s stock after selling 83,840 shares during the quarter. Rothschild & Co. Asset Management US Inc.’s holdings in RealPage were worth $44,621,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RP. Peregrine Capital Management LLC grew its position in shares of RealPage by 2.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 683,268 shares of the software maker’s stock worth $45,027,000 after buying an additional 17,952 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of RealPage in the 3rd quarter worth approximately $2,049,000. Geneva Partners LLC purchased a new position in shares of RealPage in the 3rd quarter worth approximately $330,000. Marshall Wace LLP grew its position in shares of RealPage by 610.5% in the 2nd quarter. Marshall Wace LLP now owns 105,989 shares of the software maker’s stock worth $5,840,000 after buying an additional 91,072 shares during the last quarter. Finally, Eqis Capital Management Inc. grew its position in shares of RealPage by 2.9% in the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock worth $1,737,000 after buying an additional 875 shares during the last quarter. Institutional investors and hedge funds own 82.61% of the company’s stock.

A number of research analysts have recently issued reports on RP shares. Royal Bank of Canada lifted their price objective on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. KeyCorp lifted their price objective on shares of RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Finally, Morgan Stanley set a $63.00 price objective on shares of RealPage and gave the stock a “buy” rating in a research report on Friday, November 2nd. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $63.00.

In other RealPage news, CEO Stephen T. Winn sold 75,192 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $60.75, for a total transaction of $4,567,914.00. Following the sale, the chief executive officer now owns 1,336,783 shares of the company’s stock, valued at approximately $81,209,567.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen T. Winn sold 101,700 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $49.63, for a total transaction of $5,047,371.00. Following the sale, the chief executive officer now directly owns 1,071,105 shares in the company, valued at approximately $53,158,941.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,648,912 shares of company stock worth $161,501,635. 24.91% of the stock is owned by insiders.

NASDAQ:RP opened at $47.59 on Friday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 132.19 and a beta of 1.32. RealPage Inc has a twelve month low of $42.90 and a twelve month high of $66.25. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $224.95 million for the quarter, compared to the consensus estimate of $221.33 million. RealPage had a net margin of 0.91% and a return on equity of 10.55%. RealPage’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities research analysts expect that RealPage Inc will post 1.06 earnings per share for the current year.

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About RealPage

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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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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