RealPage (NASDAQ:RP) Now Covered by Keefe, Bruyette & Woods

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Stock analysts at Keefe, Bruyette & Woods assumed coverage on shares of RealPage (NASDAQ:RP) in a research note issued on Tuesday, Marketbeat.com reports. The firm set an “outperform” rating and a $74.00 price target on the software maker’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.28% from the stock’s previous close.

Several other analysts have also commented on RP. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. DA Davidson initiated coverage on shares of BRT Apartments in a research report on Thursday, March 28th. They issued a “buy” rating and a $16.00 price target on the stock. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. RealPage has an average rating of “Buy” and a consensus price target of $66.00.

Shares of RP traded up $0.65 during trading hours on Tuesday, reaching $64.19. 28,453 shares of the stock traded hands, compared to its average volume of 677,912. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $59.04. RealPage has a 52 week low of $42.90 and a 52 week high of $66.25. The stock has a market cap of $5.98 billion, a P/E ratio of 58.34 and a beta of 1.41.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $234.30 million for the quarter, compared to analyst estimates of $234.16 million. RealPage had a net margin of 3.89% and a return on equity of 9.48%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, sell-side analysts expect that RealPage will post 1.26 EPS for the current year.

In other news, Director Alfred R. Berkeley III sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $59.87, for a total value of $179,610.00. Following the completion of the sale, the director now owns 26,526 shares of the company’s stock, valued at approximately $1,588,111.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $57.25, for a total transaction of $8,587,500.00. Following the completion of the sale, the insider now directly owns 9,612,387 shares of the company’s stock, valued at approximately $550,309,155.75. The disclosure for this sale can be found here. In the last three months, insiders sold 981,793 shares of company stock valued at $57,315,347. Corporate 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 bought a new stake in RealPage during the 1st quarter valued at $67,000. Contravisory Investment Management Inc. bought a new stake in RealPage during the 2nd quarter valued at $113,000. Pearl River Capital LLC raised its holdings in RealPage by 1,013.6% during the 1st 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 last quarter. NumerixS Investment Technologies Inc bought a new stake in RealPage during the 1st quarter valued at $158,000. Finally, Parametrica Management Ltd bought a new stake in RealPage during the 1st quarter valued at $213,000. 88.24% of the stock is owned by institutional investors.

About RealPage

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: Intrinsic Value

Analyst Recommendations for RealPage (NASDAQ:RP)

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