Swiss National Bank boosted its position in RealPage Inc (NASDAQ:RP) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,900 shares of the software maker’s stock after acquiring an additional 4,200 shares during the period. Swiss National Bank’s holdings in RealPage were worth $8,308,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of RP. Manchester Capital Management LLC acquired a new position in RealPage in the first quarter valued at about $67,000. Ffcm LLC acquired a new position in RealPage in the fourth quarter valued at about $136,000. Pearl River Capital LLC lifted its stake in RealPage by 1,013.6% in the first quarter. Pearl River Capital LLC now owns 2,372 shares of the software maker’s stock valued at $144,000 after buying an additional 2,159 shares during the period. Parametrica Management Ltd acquired a new position in RealPage in the first quarter valued at about $213,000. Finally, Globeflex Capital L P acquired a new position in RealPage in the first quarter valued at about $219,000. Institutional investors and hedge funds own 88.25% of the company’s stock.
NASDAQ RP opened at $58.15 on Friday. The stock has a market cap of $5.48 billion, a PE ratio of 53.65 and a beta of 1.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. RealPage Inc has a one year low of $42.90 and a one year high of $66.25.
In other RealPage news, EVP William P. Chaney sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $57.73, for a total value of $1,587,575.00. Following the completion of the transaction, the executive vice president now directly owns 127,250 shares in the company, valued at $7,346,142.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $62.07, for a total value of $12,414,000.00. Following the completion of the transaction, the insider now owns 10,554,587 shares of the company’s stock, valued at $655,123,215.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,340,851 shares of company stock valued at $80,483,318. Corporate insiders own 17.05% of the company’s stock.
A number of research firms have recently commented on RP. TheStreet raised RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, May 14th. ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Finally, DA Davidson began coverage on RealPage in a research report on Thursday, March 28th. They set a “neutral” rating and a $60.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.33.
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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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