Marsico Capital Management LLC Acquires 15,157 Shares of RealPage Inc (RP)

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Marsico Capital Management LLC raised its holdings in shares of RealPage Inc (NASDAQ:RP) by 72.8% in the 4th quarter, Holdings Channel reports. The fund owned 35,990 shares of the software maker’s stock after purchasing an additional 15,157 shares during the quarter. Marsico Capital Management LLC’s holdings in RealPage were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FNY Investment Advisers LLC bought a new position in RealPage during the 3rd quarter worth about $131,000. Ffcm LLC bought a new position in RealPage during the 4th quarter worth about $136,000. Parametrica Management Ltd bought a new position in RealPage during the 3rd quarter worth about $210,000. Raymond James Trust N.A. bought a new position in RealPage during the 3rd quarter worth about $219,000. Finally, Tocqueville Asset Management L.P. bought a new position in RealPage during the 3rd quarter worth about $231,000. Institutional investors own 86.46% of the company’s stock.

In related news, COO Ashley Chaffin Glover sold 16,489 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $60.18, for a total value of $992,308.02. Following the completion of the sale, the chief operating officer now directly owns 144,255 shares in the company, valued at approximately $8,681,265.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $47.21, for a total transaction of $4,721,000.00. Following the completion of the sale, the insider now owns 13,954,587 shares of the company’s stock, valued at $658,796,052.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 695,897 shares of company stock valued at $37,198,756. Company insiders own 24.91% of the company’s stock.

A number of equities analysts have issued reports on RP shares. Morgan Stanley lowered their target price on RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, February 27th. William Blair reiterated an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. TheStreet upgraded shares of RealPage from a “c” rating to a “b-” rating in a research note on Monday, February 25th. Finally, BidaskClub downgraded shares of RealPage from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 27th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $65.80.

Shares of RealPage stock traded up $0.04 during trading hours on Friday, reaching $61.01. 39,097 shares of the company’s stock were exchanged, compared to its average volume of 716,015. RealPage Inc has a fifty-two week low of $42.90 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 55.46 and a beta of 1.51.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Monday, February 25th. The software maker reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. RealPage had a net margin of 3.99% and a return on equity of 10.59%. The company had revenue of $226.97 million during the quarter, compared to the consensus estimate of $229.23 million. During the same period in the prior year, the business posted $0.26 EPS. The company’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts expect that RealPage Inc will post 1.24 earnings per share for the current year.

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RealPage 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 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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