328,412 Shares in RealPage, Inc. (RP) Purchased by Koch Industries Inc.

Koch Industries Inc. purchased a new position in RealPage, Inc. (NASDAQ:RP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 328,412 shares of the software maker’s stock, valued at approximately $320,000. Koch Industries Inc. owned about 0.42% of RealPage at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RP. UBS Asset Management Americas Inc. increased its holdings in shares of RealPage by 170.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock worth $983,000 after buying an additional 17,757 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of RealPage in the 1st quarter worth $163,000. JPMorgan Chase & Co. increased its holdings in shares of RealPage by 49.6% in the 1st quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock worth $4,020,000 after buying an additional 38,188 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of RealPage by 32.0% in the 1st quarter. Prudential Financial Inc. now owns 22,159 shares of the software maker’s stock worth $773,000 after buying an additional 5,369 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of RealPage by 5.3% in the 1st quarter. American International Group Inc. now owns 32,746 shares of the software maker’s stock worth $1,143,000 after buying an additional 1,660 shares during the last quarter. 70.49% of the stock is currently owned by hedge funds and other institutional investors.

RP has been the topic of several recent research reports. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price on the stock. Royal Bank Of Canada increased their target price on shares of RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.29.

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $42.09, for a total transaction of $336,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stephen T. Winn sold 255,254 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $39.93, for a total transaction of $10,192,292.22. Following the sale, the chairman now directly owns 2,983,997 shares of the company’s stock, valued at $119,151,000.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,990,789 shares of company stock worth $80,339,434. Company insiders own 33.24% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “328,412 Shares in RealPage, Inc. (RP) Purchased by Koch Industries Inc.” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/18/328412-shares-in-realpage-inc-rp-purchased-by-koch-industries-inc.html.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share fo

Several other large investors also recently modified their holdings of RP. UBS Asset Management Americas Inc. increased its holdings in shares of RealPage by 170.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock worth $983,000 after buying an additional 17,757 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of RealPage in the 1st quarter worth $163,000. JPMorgan Chase & Co. increased its holdings in shares of RealPage by 49.6% in the 1st quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock worth $4,020,000 after buying an additional 38,188 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of RealPage by 32.0% in the 1st quarter. Prudential Financial Inc. now owns 22,159 shares of the software maker’s stock worth $773,000 after buying an additional 5,369 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of RealPage by 5.3% in the 1st quarter. American International Group Inc. now owns 32,746 shares of the software maker’s stock worth $1,143,000 after buying an additional 1,660 shares during the last quarter. 70.49% of the stock is currently owned by hedge funds and other institutional investors.

RP has been the topic of several recent research reports. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price on the stock. Royal Bank Of Canada increased their target price on shares of RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.29.

In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $42.09, for a total transaction of $336,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stephen T. Winn sold 255,254 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $39.93, for a total transaction of $10,192,292.22. Following the sale, the chairman now directly owns 2,983,997 shares of the company’s stock, valued at $119,151,000.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,990,789 shares of company stock worth $80,339,434. Company insiders own 33.24% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “328,412 Shares in RealPage, Inc. (RP) Purchased by Koch Industries Inc.” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/18/328412-shares-in-realpage-inc-rp-purchased-by-koch-industries-inc.html.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The business had revenue of $161.30 million for the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last 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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