Timpani Capital Management LLC boosted its stake in shares of RealPage Inc (NASDAQ:RP) by 22.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,204 shares of the software maker’s stock after acquiring an additional 14,187 shares during the period. RealPage accounts for about 2.2% of Timpani Capital Management LLC’s portfolio, making the stock its 7th biggest position. Timpani Capital Management LLC owned about 0.08% of RealPage worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc increased its holdings in RealPage by 4.3% in the 3rd quarter. Vanguard Group Inc now owns 6,481,206 shares of the software maker’s stock valued at $427,112,000 after acquiring an additional 265,790 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in RealPage by 17.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,220 shares of the software maker’s stock valued at $252,000 after buying an additional 766 shares during the period. Frontier Capital Management Co. LLC boosted its position in RealPage by 85.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 390,680 shares of the software maker’s stock valued at $18,827,000 after buying an additional 179,650 shares during the period. Quantamental Technologies LLC purchased a new stake in RealPage in the 4th quarter valued at about $241,000. Finally, Bradley Foster & Sargent Inc. CT boosted its position in RealPage by 18.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 19,400 shares of the software maker’s stock valued at $935,000 after buying an additional 3,005 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.
RealPage stock opened at $58.30 on Wednesday. RealPage Inc has a 12-month low of $42.90 and a 12-month high of $66.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.51 billion, a P/E ratio of 53.00 and a beta of 1.49.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, May 14th. TheStreet raised shares of RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. DA Davidson assumed coverage on shares of RealPage in a research report on Thursday, March 28th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $66.33.
In related news, CEO Stephen T. Winn sold 100,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $62.51, for a total transaction of $6,251,000.00. Following the completion of the sale, the chief executive officer now owns 1,224,203 shares of the company’s stock, valued at approximately $76,524,929.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at approximately $1,588,111.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,312,058 shares of company stock worth $78,820,581. Insiders own 17.05% of the company’s stock.
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RealPage Company 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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