RealPage Inc (RP) Position Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of RealPage Inc (NASDAQ:RP) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 705,282 shares of the software maker’s stock after selling 10,242 shares during the quarter. Bank of New York Mellon Corp owned 0.75% of RealPage worth $33,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of RP. Ffcm LLC acquired a new stake in shares of RealPage during the fourth quarter worth about $136,000. Raymond James Trust N.A. acquired a new stake in shares of RealPage during the third quarter worth about $219,000. Tocqueville Asset Management L.P. acquired a new stake in shares of RealPage during the third quarter worth about $231,000. Quantamental Technologies LLC acquired a new stake in shares of RealPage during the fourth quarter worth about $241,000. Finally, Trexquant Investment LP acquired a new stake in shares of RealPage during the third quarter worth about $252,000. 87.69% of the stock is currently owned by institutional investors and hedge funds.

In other RealPage news, CEO Stephen T. Winn sold 35,009 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $60.63, for a total transaction of $2,122,595.67. Following the completion of the transaction, the chief executive officer now directly owns 1,224,203 shares of the company’s stock, valued at approximately $74,223,427.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas C. Ernst, Jr. sold 1,715 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.52, for a total transaction of $103,791.80. Following the completion of the sale, the chief financial officer now directly owns 67,800 shares of the company’s stock, valued at $4,103,256. The disclosure for this sale can be found here. Insiders sold a total of 1,116,670 shares of company stock valued at $65,997,719 in the last three months. Insiders own 24.91% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. William Blair reaffirmed an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Morgan Stanley dropped their target price on shares of RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, February 27th. Finally, TheStreet raised shares of RealPage from a “c” rating to a “b-” rating in a report on Monday, February 25th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $64.83.

Shares of NASDAQ:RP traded up $0.27 during midday trading on Monday, hitting $63.92. 617,200 shares of the company’s stock traded hands, compared to its average volume of 670,168. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 58.11 and a beta of 1.51. RealPage Inc has a twelve month low of $42.90 and a twelve month high of $66.25.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Monday, February 25th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. RealPage had a net margin of 3.99% and a return on equity of 10.59%. The firm had revenue of $226.97 million for the quarter, compared to analyst estimates of $229.23 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that RealPage Inc will post 1.25 earnings per share for the current year.

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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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