RP has been the topic of a number of other research reports. Keefe, Bruyette & Woods initiated coverage on RealPage in a report on Tuesday, July 9th. They set an outperform rating and a $74.00 target price on the stock. Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. ValuEngine raised ZIX from a buy rating to a strong-buy rating in a report on Saturday, May 4th. KeyCorp initiated coverage on Pluralsight in a report on Tuesday, July 16th. They set an overweight rating and a $40.00 target price on the stock. Finally, DA Davidson initiated coverage on BRT Apartments in a report on Thursday, March 28th. They set a buy rating and a $16.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $66.67.
Shares of RP opened at $63.21 on Friday. The stock has a market capitalization of $5.98 billion, a P/E ratio of 57.46 and a beta of 1.40. RealPage has a one year low of $42.90 and a one year high of $66.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50-day simple moving average of $60.01.
RealPage (NASDAQ:RP) last released its earnings results on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The company had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.16 million. During the same quarter last year, the business posted $0.37 EPS. RealPage’s quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that RealPage will post 1.25 earnings per share for the current year.
In other news, Director Alfred R. Berkeley III sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $59.87, for a total transaction of $179,610.00. Following the sale, the director now directly owns 26,526 shares in the company, valued at approximately $1,588,111.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $59.41, for a total value of $11,882,000.00. Following the sale, the insider now owns 10,007,121 shares in the company, valued at $594,523,058.61. The disclosure for this sale can be found here. Insiders have sold a total of 981,793 shares of company stock worth $57,315,347 over the last quarter. Insiders own 17.05% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in shares of RealPage during the 1st quarter worth approximately $67,000. Contravisory Investment Management Inc. acquired a new stake in shares of RealPage during the 2nd quarter worth approximately $113,000. Pearl River Capital LLC increased its position in RealPage by 1,013.6% in the 1st quarter. Pearl River Capital LLC now owns 2,372 shares of the software maker’s stock valued at $144,000 after acquiring an additional 2,159 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in RealPage in the 1st quarter valued at approximately $158,000. Finally, Parametrica Management Ltd acquired a new stake in RealPage in the 1st quarter valued at approximately $213,000. Institutional investors and hedge funds own 88.24% of the company’s stock.
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.
See Also: Momentum Indicators
Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.