Cullen Frost Bankers Inc. Makes New $163,000 Investment in RealPage Inc (NASDAQ:RP)

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Cullen Frost Bankers Inc. purchased a new position in RealPage Inc (NASDAQ:RP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,600 shares of the software maker’s stock, valued at approximately $163,000.

Other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in shares of RealPage by 931.6% during the second quarter. CWM LLC now owns 588 shares of the software maker’s stock valued at $35,000 after acquiring an additional 531 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of RealPage by 487.8% during the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after acquiring an additional 922 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of RealPage by 242.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock valued at $95,000 after acquiring an additional 1,134 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of RealPage during the second quarter valued at about $113,000. Finally, SG Americas Securities LLC bought a new position in shares of RealPage during the second quarter valued at about $186,000. 90.16% of the stock is owned by institutional investors and hedge funds.

RP stock opened at $54.11 on Friday. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $65.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50-day moving average of $61.30 and a 200 day moving average of $61.32. The company has a market cap of $5.79 billion, a P/E ratio of 49.19 and a beta of 1.25.

RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The company had revenue of $255.20 million for the quarter, compared to analysts’ expectations of $254.32 million. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that RealPage Inc will post 1.25 earnings per share for the current fiscal year.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 51,672 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $61.41, for a total value of $3,173,177.52. Following the transaction, the insider now directly owns 9,504,263 shares in the company, valued at $583,656,790.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Stephen T. Winn sold 200,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $59.82, for a total transaction of $11,964,000.00. Following the completion of the transaction, the chairman now owns 1,210,873 shares in the company, valued at $72,434,422.86. The disclosure for this sale can be found here. Insiders sold 712,667 shares of company stock worth $43,937,476 in the last 90 days. 17.05% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on RP. BidaskClub downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Benchmark downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday. KeyCorp began coverage on shares of RealPage in a research note on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective for the company. Finally, JPMorgan Chase & Co. downgraded shares of RealPage from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $65.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. RealPage presently has an average rating of “Hold” and an average target price of $68.50.

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Institutional Ownership by Quarter for RealPage (NASDAQ:RP)

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