Legal & General Group Plc Increases Stake in RealPage Inc (RP)

Legal & General Group Plc grew its stake in shares of RealPage Inc (NASDAQ:RP) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,896 shares of the software maker’s stock after purchasing an additional 1,245 shares during the period. Legal & General Group Plc’s holdings in RealPage were worth $1,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RP. Vanguard Group Inc boosted its stake in shares of RealPage by 4.3% during the 3rd quarter. Vanguard Group Inc now owns 6,481,206 shares of the software maker’s stock valued at $427,112,000 after purchasing an additional 265,790 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of RealPage by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,481,206 shares of the software maker’s stock valued at $427,112,000 after purchasing an additional 265,790 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of RealPage by 264.7% during the 3rd quarter. Teachers Advisors LLC now owns 293,313 shares of the software maker’s stock valued at $19,329,000 after purchasing an additional 212,882 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of RealPage by 85.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 390,680 shares of the software maker’s stock valued at $18,827,000 after purchasing an additional 179,650 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of RealPage by 13.1% during the 4th quarter. King Luther Capital Management Corp now owns 1,332,912 shares of the software maker’s stock valued at $64,233,000 after purchasing an additional 154,591 shares in the last quarter. 87.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ RP opened at $62.62 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $5.86 billion, a P/E ratio of 56.93 and a beta of 1.51. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $66.25.

RealPage (NASDAQ:RP) last issued its earnings results on Monday, February 25th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $226.97 million during the quarter, compared to analysts’ expectations of $229.23 million. RealPage had a net margin of 3.99% and a return on equity of 10.59%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, research analysts forecast that RealPage Inc will post 1.25 earnings per share for the current fiscal year.

RP has been the subject of a number of recent research reports. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 5th. TheStreet raised shares of RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. William Blair reissued an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. Morgan Stanley lowered their price target on shares of RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, February 27th. Finally, ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $64.83.

In other RealPage news, Director Alfred R. Berkeley III sold 5,000 shares of RealPage stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $58.04, for a total value of $290,200.00. Following the completion of the transaction, the director now directly owns 25,881 shares of the company’s stock, valued at $1,502,133.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen T. Winn sold 82,669 shares of RealPage stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.73, for a total transaction of $4,855,150.37. Following the completion of the transaction, the chief executive officer now directly owns 1,274,203 shares of the company’s stock, valued at $74,833,942.19. The disclosure for this sale can be found here. Insiders sold 874,931 shares of company stock valued at $53,104,121 over the last ninety days. Corporate insiders own 24.91% of the company’s stock.

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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.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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