RealPage Inc (NASDAQ:RP) Stake Lowered by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN decreased its holdings in RealPage Inc (NASDAQ:RP) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,756,213 shares of the software maker’s stock after selling 16,013 shares during the period. RealPage accounts for approximately 1.8% of Disciplined Growth Investors Inc. MN’s holdings, making the stock its 20th biggest holding. Disciplined Growth Investors Inc. MN owned 1.87% of RealPage worth $96,767,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of 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 acquiring an additional 1,930,973 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 acquiring an additional 797,364 shares in the last quarter. Fred Alger Management Inc. raised its stake in shares of RealPage by 316.2% during the second quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock valued at $55,475,000 after acquiring an additional 764,890 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of 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 acquiring an additional 382,846 shares in the last quarter. Finally, Chicago Capital LLC bought a new stake in shares of RealPage during the first quarter valued at approximately $16,986,000. 81.11% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Seren Capital, Ltd. sold 200,000 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $64.63, for a total transaction of $12,926,000.00. Following the completion of the sale, the insider now owns 14,721,447 shares of the company’s stock, valued at $951,447,119.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen T. Winn sold 150,000 shares of the business’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $64.62, for a total transaction of $9,693,000.00. Following the sale, the chief executive officer now directly owns 1,086,819 shares of the company’s stock, valued at approximately $70,230,243.78. The disclosure for this sale can be found here. Insiders have sold 2,493,412 shares of company stock valued at $154,267,800 over the last 90 days. 24.91% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on RP shares. Royal Bank of Canada lifted their price objective on shares of RealPage to $64.00 and gave the company a “sector perform” rating in a report on Friday, August 3rd. JPMorgan Chase & Co. started coverage on shares of RealPage in a report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 price target (down from $84.00) on shares of RealPage in a report on Friday, September 14th. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, September 19th. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.63.

NASDAQ RP opened at $58.14 on Tuesday. The firm has a market cap of $6.18 billion, a P/E ratio of 161.50 and a beta of 1.11. RealPage Inc has a 1 year low of $40.97 and a 1 year high of $66.25. 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 (NASDAQ:RP) last posted its earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts predict that RealPage Inc will post 1.03 EPS for the current fiscal year.

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 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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