Norges Bank acquired a new position in RealPage Inc (NASDAQ:RP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,010,572 shares of the software maker’s stock, valued at approximately $48,700,000. Norges Bank owned about 1.08% of RealPage as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of RP. Dimensional Fund Advisors LP increased its position in shares of RealPage by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock valued at $18,237,000 after acquiring an additional 24,246 shares during the last quarter. Amalgamated Bank grew its holdings in RealPage by 63.8% during the fourth quarter. Amalgamated Bank now owns 15,947 shares of the software maker’s stock valued at $768,000 after purchasing an additional 6,209 shares during the period. Public Employees Retirement System of Ohio grew its holdings in RealPage by 13.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 272,317 shares of the software maker’s stock valued at $13,123,000 after purchasing an additional 31,718 shares during the period. Macquarie Group Ltd. grew its holdings in RealPage by 2.7% during the fourth quarter. Macquarie Group Ltd. now owns 61,036 shares of the software maker’s stock valued at $2,941,000 after purchasing an additional 1,587 shares during the period. Finally, Worth Venture Partners LLC bought a new position in RealPage during the fourth quarter valued at $1,743,000. 88.28% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Seren Capital, Ltd. sold 200,000 shares of RealPage stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $62.07, for a total transaction of $12,414,000.00. Following the completion of the sale, the insider now owns 10,554,587 shares of the company’s stock, valued at $655,123,215.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen T. Winn sold 82,669 shares of RealPage stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $58.73, for a total value of $4,855,150.37. Following the sale, the chief executive officer now directly owns 1,274,203 shares of the company’s stock, valued at approximately $74,833,942.19. The disclosure for this sale can be found here. Insiders have sold 874,931 shares of company stock valued at $53,104,121 in the last three months. 24.91% of the stock is owned by corporate insiders.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Monday, February 25th. The software maker reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. RealPage had a return on equity of 10.59% and a net margin of 3.99%. The firm had revenue of $226.97 million during the quarter, compared to analyst estimates of $229.23 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. Sell-side analysts expect that RealPage Inc will post 1.25 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a report on Friday. DA Davidson assumed coverage on RealPage in a report on Thursday, March 28th. They set a “neutral” rating and a $60.00 price objective for the company. Morgan Stanley reduced their price objective on RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. RealPage currently has an average rating of “Buy” and a consensus target price of $64.83.
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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