Fred Alger Management Inc. Sells 7,170 Shares of RealPage, Inc. (RP)

Fred Alger Management Inc. lowered its position in shares of RealPage, Inc. (NASDAQ:RP) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,628 shares of the software maker’s stock after selling 7,170 shares during the period. Fred Alger Management Inc. owned about 0.19% of RealPage worth $5,307,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in RealPage in the first quarter valued at about $163,000. Bessemer Group Inc. grew its stake in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after purchasing an additional 100 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage during the first quarter worth about $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage during the second quarter worth about $209,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.

WARNING: “Fred Alger Management Inc. Sells 7,170 Shares of RealPage, Inc. (RP)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/16/fred-alger-management-inc-has-5-31-million-position-in-realpage-inc-rp.html.

In other RealPage news, CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.43, for a total transaction of $1,101,279.90. Following the completion of the transaction, the chief executive officer now owns 3,352,600 shares of the company’s stock, valued at $132,193,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Blount sold 17,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total value of $697,725.00. Following the transaction, the executive vice president now directly owns 179,857 shares of the company’s stock, valued at approximately $7,170,898.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,990,789 shares of company stock valued at $80,339,434. 33.24% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on RP. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Finally, KeyCorp started coverage on RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. RealPage has a consensus rating of “Buy” and an average price target of $41.29.

RealPage, Inc. (NASDAQ RP) opened at 42.85 on Monday. RealPage, Inc. has a 52 week low of $24.00 and a 52 week high of $43.65. The firm has a market capitalization of $3.39 billion, a P/E ratio of 133.91 and a beta of 1.09. The stock’s 50 day moving average price is $41.07 and its 200 day moving average price is $38.04.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the

Several other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in RealPage in the first quarter valued at about $163,000. Bessemer Group Inc. grew its stake in RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after purchasing an additional 100 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage during the first quarter worth about $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage during the second quarter worth about $209,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.

WARNING: “Fred Alger Management Inc. Sells 7,170 Shares of RealPage, Inc. (RP)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/16/fred-alger-management-inc-has-5-31-million-position-in-realpage-inc-rp.html.

In other RealPage news, CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.43, for a total transaction of $1,101,279.90. Following the completion of the transaction, the chief executive officer now owns 3,352,600 shares of the company’s stock, valued at $132,193,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Blount sold 17,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total value of $697,725.00. Following the transaction, the executive vice president now directly owns 179,857 shares of the company’s stock, valued at approximately $7,170,898.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,990,789 shares of company stock valued at $80,339,434. 33.24% of the stock is currently owned by insiders.

A number of brokerages have recently weighed in on RP. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Finally, KeyCorp started coverage on RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. RealPage has a consensus rating of “Buy” and an average price target of $41.29.

RealPage, Inc. (NASDAQ RP) opened at 42.85 on Monday. RealPage, Inc. has a 52 week low of $24.00 and a 52 week high of $43.65. The firm has a market capitalization of $3.39 billion, a P/E ratio of 133.91 and a beta of 1.09. The stock’s 50 day moving average price is $41.07 and its 200 day moving average price is $38.04.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. On average, equities analysts expect that RealPage, Inc. will post $0.92 EPS for the current year.

RealPage Company 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.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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