BlackRock Institutional Trust Company N.A. cut its position in RealPage Inc. (NASDAQ:RP) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,262,682 shares of the company’s stock after selling 10,743 shares during the period. BlackRock Institutional Trust Company N.A. owned about 1.60% of RealPage worth $26,314,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. RS Investment Management Co. LLC increased its stake in RealPage by 16.9% in the fourth quarter. RS Investment Management Co. LLC now owns 1,731,633 shares of the company’s stock valued at $38,875,000 after buying an additional 250,301 shares in the last quarter. Select Equity Group L.P. purchased a new stake in RealPage during the fourth quarter valued at about $11,713,000. Teachers Advisors Inc. increased its stake in 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. Fuller & Thaler Asset Management Inc. purchased a new stake in RealPage during the fourth quarter valued at about $8,594,000. Finally, D. E. Shaw & Co. Inc. increased its stake in RealPage by 13.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 316,097 shares of the company’s stock valued at $7,096,000 after buying an additional 37,192 shares in the last quarter.
RealPage Inc. (NASDAQ:RP) traded up 0.76% during trading on Wednesday, hitting $25.21. 222,390 shares of the company traded hands. The firm’s market capitalization is $2.02 billion. RealPage Inc. has a 12-month low of $16.06 and a 12-month high of $25.35. The stock has a 50-day moving average price of $23.09 and a 200-day moving average price of $21.09.
A number of equities analysts have recently issued reports on RP shares. Zacks Investment Research upgraded shares of RealPage from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, May 11th. Benchmark Co. initiated coverage on shares of RealPage in a research report on Tuesday, June 28th. They set a “buy” rating and a $28.00 target price for the company. Deutsche Bank AG reissued a “buy” rating and set a $28.00 price objective (down previously from $30.00) on shares of RealPage in a report on Wednesday, July 20th. Bank of America Corp. raised shares of RealPage from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 8th. Finally, William Blair raised shares of RealPage from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.00.
In other RealPage news, EVP William P. Chaney sold 3,445 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $21.35, for a total transaction of $73,550.75. Following the transaction, the executive vice president now directly owns 217,627 shares in the company, valued at approximately $4,646,336.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Seren Capital, Ltd. sold 27,000 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $22.05, for a total value of $595,350.00. Following the transaction, the insider now owns 19,707,276 shares in the company, valued at $434,545,435.80. The disclosure for this sale can be found here.
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.
