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.
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, 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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