Legal & General Group Plc Buys 3,901 Shares of RealPage Inc (RP)

Legal & General Group Plc grew its stake in shares of RealPage Inc (NASDAQ:RP) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,759 shares of the software maker’s stock after acquiring an additional 3,901 shares during the period. Legal & General Group Plc’s holdings in RealPage were worth $1,031,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RP. Janus Henderson Group PLC purchased a new stake in shares of RealPage during the second quarter worth $107,795,000. Royal Bank of Canada raised its position in shares of RealPage by 89,197.4% in the second quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock worth $34,092,000 after buying an additional 947,276 shares in the last quarter. Stockbridge Partners LLC raised its position in shares of RealPage by 26.2% in the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after buying an additional 790,297 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of RealPage by 74.0% in the second quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock worth $49,558,000 after buying an additional 586,144 shares in the last quarter. Finally, Contour Asset Management LLC purchased a new stake in shares of RealPage in the second quarter worth $16,044,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.

In other news, EVP William P. Chaney sold 1,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the executive vice president now directly owns 172,904 shares of the company’s stock, valued at $7,780,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Seren Capital, Ltd. sold 188,601 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $43.57, for a total value of $8,217,345.57. Following the transaction, the insider now directly owns 17,815,796 shares in the company, valued at $776,234,231.72. The disclosure for this sale can be found here. Insiders have sold 2,266,402 shares of company stock worth $101,022,513 in the last 90 days. Company insiders own 30.31% of the company’s stock.

A number of equities research analysts recently issued reports on RP shares. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Benchmark increased their price objective on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating and issued a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. KeyCorp started coverage on RealPage in a research report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price objective on the stock. Finally, Morgan Stanley started coverage on RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.57.

Shares of RealPage Inc (NASDAQ RP) opened at $45.35 on Wednesday. RealPage Inc has a 12-month low of $28.00 and a 12-month high of $46.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $3,750.00, a PE ratio of 129.57 and a beta of 1.08.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same quarter last year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts forecast that RealPage Inc will post 0.57 EPS for the current fiscal year.

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RealPage Company Profile

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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