American International Group Inc. Lowers Holdings in RealPage Inc (RP)

American International Group Inc. cut its holdings in shares of RealPage Inc (NASDAQ:RP) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,526 shares of the software maker’s stock after selling 2,018 shares during the period. American International Group Inc.’s holdings in RealPage were worth $1,933,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after acquiring an additional 1,018 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in RealPage by 22.4% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 5,775 shares of the software maker’s stock valued at $297,000 after buying an additional 1,055 shares during the period. Fred Alger Management Inc. increased its stake in RealPage by 1.1% in the 4th quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock valued at $5,445,000 after buying an additional 1,391 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in RealPage by 2.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 69,510 shares of the software maker’s stock valued at $3,580,000 after buying an additional 1,410 shares during the period. Finally, Swiss National Bank increased its stake in RealPage by 1.8% in the 4th quarter. Swiss National Bank now owns 98,500 shares of the software maker’s stock valued at $4,364,000 after buying an additional 1,700 shares during the period. 79.37% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on RP. BidaskClub lowered shares of RealPage from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded shares of RealPage from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Thursday, May 10th. Morgan Stanley set a $62.00 price target on shares of RealPage and gave the stock a “buy” rating in a research note on Friday, May 4th. KeyCorp increased their price target on shares of RealPage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, May 4th. Finally, Royal Bank of Canada increased their price target on shares of RealPage to $59.00 and gave the stock a “sector perform” rating in a research note on Friday, May 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.14.

RealPage traded up $0.55, reaching $59.90, during midday trading on Thursday, Marketbeat reports. The stock had a trading volume of 573,868 shares, compared to its average volume of 572,696. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. RealPage Inc has a 1-year low of $33.85 and a 1-year high of $61.95. The firm has a market capitalization of $4.82 billion, a PE ratio of 166.39 and a beta of 1.13.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, May 3rd. The software maker reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. RealPage had a net margin of 0.43% and a return on equity of 11.01%. The firm had revenue of $201.61 million during the quarter, compared to the consensus estimate of $201.09 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 31.2% on a year-over-year basis. analysts anticipate that RealPage Inc will post 1.05 EPS for the current fiscal year.

In related news, Chairman Stephen T. Winn sold 290,720 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $51.40, for a total transaction of $14,943,008.00. Following the completion of the sale, the chairman now owns 2,392,534 shares in the company, valued at approximately $122,976,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 174,432 shares of the stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $51.40, for a total transaction of $8,965,804.80. Following the sale, the insider now owns 16,833,247 shares of the company’s stock, valued at approximately $865,228,895.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,634,666 shares of company stock valued at $153,193,398. Insiders own 24.91% of the company’s stock.

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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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