Piedmont Investment Advisors Inc. Takes Position in RealPage Inc (RP)

Piedmont Investment Advisors Inc. bought a new position in RealPage Inc (NASDAQ:RP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,177 shares of the software maker’s stock, valued at approximately $341,000.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in RealPage by 98.0% during the second quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock valued at $214,953,000 after purchasing an additional 1,930,973 shares during the last quarter. Millennium Management LLC boosted its position in RealPage by 10,937.8% during the second quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after purchasing an additional 797,364 shares during the last quarter. First Trust Advisors LP boosted its position in RealPage by 772.6% during the third quarter. First Trust Advisors LP now owns 639,257 shares of the software maker’s stock valued at $42,127,000 after purchasing an additional 566,001 shares during the last quarter. American Century Companies Inc. boosted its position in RealPage by 169.4% during the third quarter. American Century Companies Inc. now owns 711,509 shares of the software maker’s stock valued at $46,888,000 after purchasing an additional 447,414 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in RealPage by 67.7% during the second quarter. OppenheimerFunds Inc. now owns 948,207 shares of the software maker’s stock valued at $52,247,000 after purchasing an additional 382,846 shares during the last quarter. 82.61% of the stock is owned by institutional investors and hedge funds.

NASDAQ RP opened at $47.59 on Monday. RealPage Inc has a fifty-two week low of $42.90 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 132.19 and a beta of 1.32.

RealPage (NASDAQ:RP) last posted its earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. RealPage had a return on equity of 10.55% and a net margin of 0.91%. The company had revenue of $224.95 million for the quarter, compared to analyst estimates of $221.33 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. Analysts anticipate that RealPage Inc will post 1.06 earnings per share for the current fiscal year.

Several research firms have weighed in on RP. Royal Bank of Canada raised their target price on RealPage to $64.00 and gave the company a “sector perform” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, November 8th. KeyCorp restated an “overweight” rating and set a $72.00 target price (down from $84.00) on shares of RealPage in a report on Friday, September 14th. Morgan Stanley set a $63.00 target price on RealPage and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 5th. Eight analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $63.00.

In other news, CEO Stephen T. Winn sold 88,404 shares of RealPage stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $61.65, for a total value of $5,450,106.60. Following the transaction, the chief executive officer now directly owns 1,164,579 shares in the company, valued at $71,796,295.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of RealPage stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $64.63, for a total value of $12,926,000.00. Following the completion of the transaction, the insider now owns 14,721,447 shares in the company, valued at $951,447,119.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,460,934 shares of company stock worth $150,081,972. Corporate insiders own 24.91% of the company’s stock.

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RealPage Profile

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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