Kornitzer Capital Management Inc. KS decreased its position in RealPage Inc. (NASDAQ:RP) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,136 shares of the company’s stock after selling 41,135 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in RealPage were worth $7,484,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of RealPage during the first quarter valued at about $215,000. TIAA CREF Investment Management LLC raised its stake in shares of RealPage by 28.6% in the first quarter. TIAA CREF Investment Management LLC now owns 241,111 shares of the company’s stock valued at $5,025,000 after buying an additional 53,575 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of RealPage by 13.7% in the first quarter. Teachers Advisors Inc. now owns 436,070 shares of the company’s stock valued at $9,088,000 after buying an additional 52,711 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of RealPage during the first quarter valued at about $1,351,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of RealPage during the first quarter valued at about $11,605,000. Hedge funds and other institutional investors own 64.78% of the company’s stock.
Shares of RealPage Inc. (NASDAQ:RP) traded up 0.78% on Monday, hitting $24.45. The company had a trading volume of 178,746 shares. The firm has a market capitalization of $1.96 billion, a P/E ratio of 2445.00 and a beta of 1.30. RealPage Inc. has a 12-month low of $16.06 and a 12-month high of $26.44. The firm has a 50 day moving average of $25.25 and a 200-day moving average of $23.31.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business earned $142.50 million during the quarter, compared to the consensus estimate of $141.45 million. RealPage had a return on equity of 8.84% and a net margin of 0.15%. The firm’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, equities analysts predict that RealPage Inc. will post $0.73 EPS for the current year.
Several equities research analysts have recently issued reports on the company. JMP Securities reiterated a “buy” rating on shares of RealPage in a report on Tuesday, September 20th. Credit Suisse Group AG reiterated an “underperform” rating and set a $21.00 price target (up from $19.00) on shares of RealPage in a report on Thursday, August 4th. Royal Bank Of Canada lifted their price target on RealPage from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, August 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $27.00 price target (up from $23.00) on shares of RealPage in a report on Thursday, August 4th. Finally, Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.29.
In other RealPage news, Chairman Stephen T. Winn sold 160,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $25.50, for a total value of $4,080,000.00. Following the completion of the sale, the chairman now directly owns 4,304,223 shares in the company, valued at $109,757,686.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen T. Winn sold 4,830 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $26.12, for a total value of $126,159.60. Following the completion of the sale, the chief executive officer now owns 4,337,223 shares of the company’s stock, valued at $113,288,264.76. The disclosure for this sale can be found here. 33.24% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding RP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RealPage Inc. (NASDAQ:RP).
Receive News & Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.