Renaissance Group LLC cut its stake in RealPage, Inc. (NASDAQ:RP) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,593 shares of the company’s stock after selling 67 shares during the period. Renaissance Group LLC’s holdings in RealPage were worth $378,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP increased its stake in shares of RealPage by 0.8% in the third quarter. First Trust Advisors LP now owns 52,571 shares of the company’s stock worth $1,351,000 after buying an additional 436 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of RealPage by 2.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,465 shares of the company’s stock worth $886,000 after buying an additional 940 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of RealPage by 1.0% in the third quarter. California State Teachers Retirement System now owns 114,458 shares of the company’s stock worth $2,942,000 after buying an additional 1,100 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of RealPage by 2.0% in the second quarter. Nationwide Fund Advisors now owns 58,105 shares of the company’s stock worth $1,297,000 after buying an additional 1,136 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of RealPage by 4.9% in the third quarter. Eqis Capital Management Inc. now owns 28,152 shares of the company’s stock worth $724,000 after buying an additional 1,319 shares during the last quarter. 66.14% of the stock is owned by hedge funds and other institutional investors.
RealPage, Inc. (NASDAQ:RP) traded up 0.30% during trading on Wednesday, hitting $33.65. The stock had a trading volume of 106,951 shares. The company has a 50-day moving average price of $30.29 and a 200-day moving average price of $27.62. RealPage, Inc. has a 52-week low of $16.10 and a 52-week high of $33.95. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 197.94 and a beta of 0.98.
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Several brokerages have weighed in on RP. Benchmark Co. reissued a “buy” rating and set a $30.00 price objective on shares of RealPage in a report on Friday, November 4th. Credit Suisse Group set a $24.00 price objective on RealPage and gave the company a “sell” rating in a report on Sunday, November 6th. Deutsche Bank AG reissued a “buy” rating and set a $30.00 price objective (down from $32.00) on shares of RealPage in a report on Friday, November 4th. TheStreet raised RealPage from a “hold” rating to a “buy” rating in a report on Friday, November 4th. Finally, Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. RealPage currently has a consensus rating of “Hold” and an average target price of $29.00.
In other RealPage news, major shareholder Seren Capital, Ltd. sold 24,000 shares of the business’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $29.01, for a total transaction of $696,240.00. Following the completion of the sale, the insider now directly owns 19,312,417 shares in the company, valued at approximately $560,253,217.17. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen T. Winn sold 9,000 shares of the business’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $28.71, for a total transaction of $258,390.00. Following the sale, the chief executive officer now owns 3,983,649 shares of the company’s stock, valued at $114,370,562.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 409,000 shares of company stock valued at $11,990,290. 33.24% of the stock is owned by company insiders.
RealPage Company Profile
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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