RealPage Inc (NASDAQ:RP) EVP David G. Monk sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $61.55, for a total value of $1,231,000.00. Following the completion of the sale, the executive vice president now owns 55,819 shares of the company’s stock, valued at $3,435,659.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
RP opened at $59.85 on Thursday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 166.25 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96. RealPage Inc has a 1-year low of $38.40 and a 1-year high of $63.75.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The firm had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. analysts predict that RealPage Inc will post 1.03 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Eqis Capital Management Inc. lifted its position in shares of RealPage by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after acquiring an additional 875 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of RealPage by 71.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,272 shares of the software maker’s stock valued at $346,000 after acquiring an additional 2,604 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of RealPage by 63.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 345,284 shares of the software maker’s stock valued at $19,025,000 after acquiring an additional 134,068 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of RealPage during the 2nd quarter valued at $204,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of RealPage by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 311,929 shares of the software maker’s stock valued at $16,065,000 after acquiring an additional 31,262 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.
A number of equities research analysts have weighed in on RP shares. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Royal Bank of Canada upped their target price on RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. KeyCorp upped their target price on RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. started coverage on RealPage in a research report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 target price for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. RealPage has a consensus rating of “Buy” and a consensus target price of $63.88.
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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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