Eagle Asset Management Inc. Cuts Stake in RealPage Inc (RP)

Eagle Asset Management Inc. lessened its position in shares of RealPage Inc (NASDAQ:RP) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,450,509 shares of the software maker’s stock after selling 55,440 shares during the quarter. Eagle Asset Management Inc. owned approximately 2.96% of RealPage worth $108,891,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in RealPage by 54.6% in the 4th quarter. Wells Fargo & Company MN now owns 723,151 shares of the software maker’s stock valued at $32,035,000 after purchasing an additional 255,446 shares during the last quarter. Swiss National Bank raised its stake in RealPage by 1.8% in the 4th quarter. Swiss National Bank now owns 98,500 shares of the software maker’s stock valued at $4,364,000 after purchasing an additional 1,700 shares during the last quarter. Lisanti Capital Growth LLC raised its stake in RealPage by 65.5% in the 4th quarter. Lisanti Capital Growth LLC now owns 30,490 shares of the software maker’s stock valued at $1,351,000 after purchasing an additional 12,070 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in RealPage in the 4th quarter valued at about $885,000. Finally, Tygh Capital Management Inc. acquired a new position in RealPage in the 4th quarter valued at about $4,175,000. 72.94% of the stock is owned by institutional investors and hedge funds.

RealPage Inc (NASDAQ:RP) opened at $49.25 on Thursday. RealPage Inc has a one year low of $32.30 and a one year high of $51.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market cap of $3,953.35, a PE ratio of 140.72 and a beta of 1.13.

In other news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $46.90, for a total transaction of $375,200.00. Following the completion of the sale, the chief financial officer now owns 174,475 shares in the company, valued at approximately $8,182,877.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 252,600 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.41, for a total value of $11,470,566.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,999,266 shares of company stock valued at $90,149,250. Corporate insiders own 30.31% of the company’s stock.

Several research analysts recently weighed in on the stock. KeyCorp boosted their target price on shares of RealPage from $53.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley raised shares of RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of RealPage in a research note on Wednesday, January 17th. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. RealPage has a consensus rating of “Buy” and an average target price of $50.63.

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RealPage Profile

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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