Schonfeld Strategic Advisors LLC reduced its stake in RealPage Inc (NASDAQ:RP) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the software maker’s stock after selling 2,100 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in RealPage were worth $806,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of RP. Quadrant Capital Group LLC increased its position in shares of RealPage by 1,500.0% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the software maker’s stock worth $38,000 after acquiring an additional 690 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of RealPage during the fourth quarter worth about $74,000. CSat Investment Advisory L.P. increased its position in shares of RealPage by 465.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,628 shares of the software maker’s stock worth $88,000 after acquiring an additional 1,340 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of RealPage during the fourth quarter worth about $210,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of RealPage by 7.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,134 shares of the software maker’s stock worth $276,000 after acquiring an additional 347 shares in the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:RP traded up $1.29 on Thursday, reaching $53.36. 789,049 shares of the stock traded hands, compared to its average volume of 690,989. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 87.48 and a beta of 0.84. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.06. RealPage Inc has a 12 month low of $36.91 and a 12 month high of $65.92. The company’s fifty day simple moving average is $57.70 and its 200 day simple moving average is $57.85.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, February 27th. The software maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. RealPage had a net margin of 5.89% and a return on equity of 10.14%. The firm had revenue of $254.77 million during the quarter, compared to analyst estimates of $251.57 million. During the same period in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that RealPage Inc will post 1.33 EPS for the current fiscal year.
Several research firms have recently commented on RP. KeyCorp decreased their target price on shares of RealPage from $72.00 to $67.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of RealPage from a “buy” rating to a “sell” rating in a report on Friday, March 6th. ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 target price on shares of RealPage in a report on Wednesday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $69.88.
In related news, EVP David G. Monk sold 62,829 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $53.65, for a total value of $3,370,775.85. Following the transaction, the executive vice president now owns 219,886 shares of the company’s stock, valued at $11,796,883.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Ashley Chaffin Glover sold 2,460 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $59.10, for a total transaction of $145,386.00. Following the completion of the transaction, the president now directly owns 172,614 shares in the company, valued at approximately $10,201,487.40. The disclosure for this sale can be found here. Insiders sold 615,530 shares of company stock valued at $35,802,703 over the last quarter. Company insiders own 17.05% of the company’s stock.
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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