RealPage (RP) : North Run Capital Lp reduced its stake in RealPage by 17.76% during the most recent quarter end. The investment management company now holds a total of 1,536,162 shares of RealPage which is valued at $38,480,858 after selling 331,638 shares in RealPage , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.RealPage makes up approximately 5.77% of North Run Capital Lp’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies boosted its stake in RP in the latest quarter, The investment management firm added 108,600 additional shares and now holds a total of 708,700 shares of RealPage which is valued at $17,752,935. RealPage makes up approx 0.03% of Renaissance Technologies’s portfolio.Teachers Advisors Inc boosted its stake in RP in the latest quarter, The investment management firm added 4,986 additional shares and now holds a total of 441,056 shares of RealPage which is valued at $11,048,453. RealPage makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Airain Ltd boosted its stake in RP in the latest quarter, The investment management firm added 5,390 additional shares and now holds a total of 29,587 shares of RealPage which is valued at $745,592. RealPage makes up approx 0.04% of Airain Ltd’s portfolio.Rs Investment Management Co reduced its stake in RP by selling 226 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 781,881 shares of RP which is valued at $19,711,220. RealPage makes up approx 0.19% of Rs Investment Management Co’s portfolio. Simplex Trading added RP to its portfolio by purchasing 78 company shares during the most recent quarter which is valued at $1,931.
RealPage opened for trading at $25.8 and hit $26.27 on the upside on Monday, eventually ending the session at $25.95, with a gain of 0.58% or 0.15 points. The heightened volatility saw the trading volume jump to 4,28,849 shares. Company has a market cap of $2,083 M.
On the company’s financial health, RealPage reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $142.50 million for the quarter, compared to analysts expectations of $141.42 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on RealPage. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .RealPage was Resumed by Credit Suisse to “Underperform” on Aug 4, 2016. The Benchmark Company Initiated RealPage on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $28.
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. Its on demand software solutions are delivered through an integrated software platform that provides a single point of access and a shared repository of prospect renter and property data. By integrating and streamlining different processes and interactions among the rental housing and vacation rental ecosystem of owners managers prospects renters and service providers the Company’s platform facilitates the property management process. The Company also provides solutions that consist of advisory services consulting and training.