Trading Report: Today: California Public Employees Retirement System decides to keep it stake in RealPage Inc. (RP) to the level of $4,359,000

Today: California Public Employees Retirement System decides to keep it stake in RealPage Inc. (RP) to the level of $4,359,000

California Public Employees Retirement System lowered its position in shares of RealPage Inc. (NASDAQ:RP) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,600 shares of the company’s stock after selling 15,400 shares during the period. California Public Employees Retirement System’s holdings in RealPage were worth $4,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RP. Renaissance Technologies LLC increased its position in RealPage by 42.6% in the first quarter. Renaissance Technologies LLC now owns 600,100 shares of the company’s stock worth $12,506,000 after buying an additional 179,300 shares during the period. Panagora Asset Management Inc. boosted its stake in RealPage by 172.0% in the first quarter. Panagora Asset Management Inc. now owns 279,246 shares of the company’s stock worth $5,819,000 after buying an additional 176,589 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in RealPage by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 26,833 shares of the company’s stock worth $599,000 after buying an additional 896 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in RealPage by 4.1% in the second quarter. Eagle Asset Management Inc. now owns 2,042,724 shares of the company’s stock worth $45,614,000 after buying an additional 81,378 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in RealPage by 458.7% in the second quarter. Acadian Asset Management LLC now owns 46,671 shares of the company’s stock worth $1,042,000 after buying an additional 38,317 shares in the last quarter. 66.95% of the stock is currently owned by institutional investors and hedge funds.

RealPage Inc. (NASDAQ:RP) traded up 0.35% during trading on Monday, reaching $28.80. 261,619 shares of the company’s stock were exchanged. RealPage Inc. has a 52 week low of $16.06 and a 52 week high of $29.75. The stock has a 50-day moving average of $27.04 and a 200-day moving average of $24.69. The stock has a market capitalization of $2.32 billion, a PE ratio of 169.41 and a beta of 0.96.

RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. RealPage had a net margin of 2.44% and a return on equity of 9.75%. The firm had revenue of $147.80 million for the quarter, compared to analyst estimates of $147.07 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that RealPage Inc. will post $0.74 EPS for the current year.

A number of analysts have recently weighed in on RP shares. Benchmark Co. raised their price target on shares of RealPage from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, November 14th. TheStreet upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Friday, November 4th. JMP Securities reiterated a “buy” rating on shares of RealPage in a research note on Tuesday, September 20th. Deutsche Bank AG reiterated a “buy” rating and issued a $30.00 target price (down from $32.00) on shares of RealPage in a research note on Friday, November 4th. Finally, Stephens initiated coverage on shares of RealPage in a research note on Wednesday, October 19th. They issued an “overweight” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. RealPage currently has an average rating of “Hold” and an average target price of $28.71.

In related news, Director Alfred R. Berkeley III sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $29.35, for a total value of $293,500.00. Following the completion of the transaction, the director now directly owns 39,309 shares of the company’s stock, valued at $1,153,719.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Stephen T. Winn sold 160,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $25.50, for a total value of $4,080,000.00. Following the completion of the transaction, the chairman now directly owns 4,304,223 shares of the company’s stock, valued at $109,757,686.50. The disclosure for this sale can be found here. Corporate insiders own 33.24% of the company’s stock.

About RealPage

RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.

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