Robert W. Baird Begins Coverage on RealPage (NASDAQ:RP)

Analysts at Robert W. Baird started coverage on shares of RealPage (NASDAQ:RP) in a research report issued on Tuesday, The Fly reports. The firm set an “outperform” rating and a $72.00 price target on the software maker’s stock. Robert W. Baird’s target price points to a potential upside of 16.77% from the company’s previous close.

Other analysts have also recently issued research reports about the company. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Benchmark cut RealPage from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. ValuEngine upgraded RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. cut RealPage from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $65.00 in a report on Thursday, November 7th. Finally, Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $68.38.

Shares of RP stock opened at $61.66 on Tuesday. The firm has a 50-day moving average price of $58.02 and a 200 day moving average price of $58.84. RealPage has a twelve month low of $51.65 and a twelve month high of $65.92. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 131.19 and a beta of 1.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36.

In other RealPage news, CEO Stephen T. Winn sold 133,724 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $56.95, for a total value of $7,615,581.80. Following the transaction, the chief executive officer now directly owns 1,210,873 shares of the company’s stock, valued at approximately $68,959,217.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William P. Chaney sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $54.91, for a total value of $3,020,050.00. Following the completion of the transaction, the executive vice president now directly owns 157,979 shares in the company, valued at $8,674,626.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 501,421 shares of company stock valued at $27,651,982. 17.05% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RP. Virginia Retirement Systems ET AL raised its position in shares of RealPage by 20.5% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 4,700 shares of the software maker’s stock valued at $295,000 after acquiring an additional 800 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of RealPage during the 4th quarter valued at approximately $543,000. California State Teachers Retirement System raised its position in shares of RealPage by 1.6% during the 3rd quarter. California State Teachers Retirement System now owns 128,245 shares of the software maker’s stock valued at $8,061,000 after acquiring an additional 1,961 shares in the last quarter. AMI Asset Management Corp raised its position in shares of RealPage by 12.4% during the 4th quarter. AMI Asset Management Corp now owns 179,975 shares of the software maker’s stock valued at $9,674,000 after acquiring an additional 19,804 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of RealPage by 5,199.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 598,014 shares of the software maker’s stock valued at $37,591,000 after acquiring an additional 586,729 shares in the last quarter. 93.10% of the stock is currently owned by institutional investors.

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

Further Reading: Dividend Achievers

The Fly

Analyst Recommendations for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.