RealPage (NASDAQ:RP) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

RealPage (NASDAQ:RP) announced its earnings results on Thursday. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.14, Bloomberg Earnings reports. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The firm had revenue of $244.00 million during the quarter, compared to analyst estimates of $243.21 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. RealPage updated its Q3 guidance to $0.44-0.46 EPS and its FY19 guidance to $1.73-1.77 EPS.

RealPage stock opened at $62.35 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $6.02 billion, a P/E ratio of 56.68 and a beta of 1.40. The stock has a 50 day moving average of $61.42. RealPage has a twelve month low of $42.90 and a twelve month high of $66.25.

In other RealPage news, CFO Thomas C. Ernst, Jr. sold 1,293 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $58.13, for a total transaction of $75,162.09. Following the sale, the chief financial officer now directly owns 65,917 shares in the company, valued at approximately $3,831,755.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William P. Chaney sold 27,500 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $57.73, for a total value of $1,587,575.00. Following the sale, the executive vice president now owns 127,250 shares in the company, valued at $7,346,142.50. The disclosure for this sale can be found here. Insiders sold a total of 981,793 shares of company stock worth $57,315,347 in the last 90 days. 17.05% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its stake in RealPage by 0.6% in the fourth quarter. Northern Trust Corp now owns 379,802 shares of the software maker’s stock valued at $18,303,000 after buying an additional 2,337 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in RealPage by 38.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 8,699 shares of the software maker’s stock valued at $404,000 after buying an additional 2,425 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in RealPage by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock valued at $18,237,000 after buying an additional 24,246 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in RealPage by 16.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,856 shares of the software maker’s stock valued at $2,162,000 after buying an additional 6,235 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in RealPage by 9.7% in the fourth quarter. MML Investors Services LLC now owns 7,928 shares of the software maker’s stock valued at $382,000 after buying an additional 702 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

Several research analysts have recently issued reports on the company. KeyCorp assumed coverage on RealPage in a research report on Tuesday, July 16th. They issued an “overweight” rating and a $76.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on RealPage in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $74.00 target price for the company. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.67.

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.

Recommended Story: What is Green Investing?

Earnings History for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.