RealPage Inc (NASDAQ:RP) Stock Holdings Decreased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lowered its position in shares of RealPage Inc (NASDAQ:RP) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,917 shares of the software maker’s stock after selling 47,657 shares during the quarter. Westfield Capital Management Co. LP owned 0.79% of RealPage worth $44,191,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in RealPage by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock worth $18,237,000 after acquiring an additional 24,246 shares in the last quarter. Geode Capital Management LLC grew its position in RealPage by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 725,638 shares of the software maker’s stock valued at $34,968,000 after purchasing an additional 45,662 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in RealPage by 6.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after purchasing an additional 261 shares in the last quarter. Victory Capital Management Inc. grew its position in RealPage by 5,831.2% during the first quarter. Victory Capital Management Inc. now owns 41,222 shares of the software maker’s stock valued at $2,502,000 after purchasing an additional 40,527 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in RealPage in the 1st quarter valued at approximately $358,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Several brokerages recently issued reports on RP. BidaskClub lowered RealPage from a “buy” rating to a “hold” rating in a report on Saturday. Craig Hallum began coverage on RealPage in a research note on Thursday, August 29th. They set a “buy” rating and a $83.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on RealPage in a report on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price target for the company. Zacks Investment Research lowered shares of RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, KeyCorp started coverage on shares of RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.00.

In other news, major shareholder Seren Capital, Ltd. sold 150,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $57.25, for a total transaction of $8,587,500.00. Following the completion of the sale, the insider now owns 9,612,387 shares in the company, valued at $550,309,155.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Stephen T. Winn sold 200,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $59.82, for a total value of $11,964,000.00. Following the transaction, the chairman now directly owns 1,210,873 shares in the company, valued at approximately $72,434,422.86. The disclosure for this sale can be found here. In the last three months, insiders sold 701,672 shares of company stock valued at $42,026,678. 17.05% of the stock is currently owned by company insiders.

RealPage stock traded up $0.99 during trading hours on Wednesday, hitting $62.63. 7,125 shares of the stock were exchanged, compared to its average volume of 490,190. The business’s 50-day moving average is $62.53 and its two-hundred day moving average is $61.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81. RealPage Inc has a 12 month low of $42.90 and a 12 month high of $66.25. The stock has a market capitalization of $5.84 billion, a P/E ratio of 56.92 and a beta of 1.33.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The business had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $243.21 million. During the same period in the previous year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts predict that RealPage Inc will post 1.25 earnings per share for the current fiscal year.

RealPage Company 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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