TIAA CREF Investment Management LLC Sells 9,738 Shares of RealPage (RP)

TIAA CREF Investment Management LLC cut its holdings in shares of RealPage (NASDAQ:RP) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 145,303 shares of the software maker’s stock after selling 9,738 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in RealPage were worth $6,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of RealPage by 35.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares during the period. Bfsg LLC increased its stake in shares of RealPage by 21.2% during the fourth quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock valued at $327,000 after buying an additional 1,291 shares during the period. Fred Alger Management Inc. increased its stake in shares of RealPage by 1.1% during the fourth quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock valued at $5,445,000 after buying an additional 1,391 shares during the period. Swiss National Bank increased its stake in shares of RealPage by 1.8% during the fourth quarter. Swiss National Bank now owns 98,500 shares of the software maker’s stock valued at $4,364,000 after buying an additional 1,700 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of RealPage by 210.9% during the fourth quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after buying an additional 1,704 shares during the period. 79.85% of the stock is currently owned by hedge funds and other institutional investors.

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RealPage stock opened at $52.90 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. RealPage has a 12 month low of $32.30 and a 12 month high of $54.95. The firm has a market capitalization of $4,408.12, a price-to-earnings ratio of 146.94 and a beta of 1.09.

RealPage (NASDAQ:RP) last released its earnings results on Tuesday, February 27th. The software maker reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The company had revenue of $188.39 million during the quarter, compared to the consensus estimate of $186.46 million. research analysts predict that RealPage will post 0.97 EPS for the current year.

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $50.90, for a total value of $407,200.00. Following the sale, the chief financial officer now directly owns 222,216 shares of the company’s stock, valued at $11,310,794.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Blount sold 56,200 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $51.25, for a total value of $2,880,250.00. Following the completion of the sale, the executive vice president now directly owns 185,958 shares in the company, valued at $9,530,347.50. The disclosure for this sale can be found here. Insiders sold 1,800,546 shares of company stock worth $94,309,877 over the last three months. Corporate insiders own 30.31% of the company’s stock.

Several brokerages recently weighed in on RP. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, January 10th. KeyCorp upped their price target on RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Benchmark upped their price target on RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of RealPage in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.00.

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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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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