What’s in Realpage Inc (NASDAQ:RP) After Decline in Shorted Shares?

August 12, 2018 - By Richard Doty

RealPage, Inc. (NASDAQ:RP) Logo

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.28, from 0.8 in 2017Q4. It is positive, as 18 investors sold RealPage, Inc. shares while 72 reduced holdings. 42 funds opened positions while 55 raised stakes. 62.63 million shares or 3.29% more from 60.64 million shares in 2017Q4 were reported.
Amer Cap Inc holds 2.08% of its portfolio in RealPage, Inc. (NASDAQ:RP) for 710,196 shares. Price T Rowe Associate Inc Md holds 0.05% of its portfolio in RealPage, Inc. (NASDAQ:RP) for 6.16 million shares. Next Century Growth Investors Ltd, Minnesota-based fund reported 2,781 shares. Stockbridge Partners Limited Liability reported 3.19 million shares. Geode Capital Management Ltd Limited Liability Company holds 553,410 shares. Fmr Limited Co has invested 0.01% in RealPage, Inc. (NASDAQ:RP). Advisory Ser Ntwk Ltd Company holds 22 shares. Millennium Management Lc has invested 0% in RealPage, Inc. (NASDAQ:RP). Fiera Capital Corp invested 0.04% of its portfolio in RealPage, Inc. (NASDAQ:RP). Stephens Ar owns 51,160 shares. Eqis Cap Mgmt holds 30,655 shares. Disciplined Growth Investors Mn has 1.79% invested in RealPage, Inc. (NASDAQ:RP) for 1.77M shares. Albion Fincl Grp Ut holds 0.13% or 16,058 shares. State Common Retirement Fund has 64,700 shares. Virginia Retirement Et Al, Virginia-based fund reported 28,300 shares.

Since March 2, 2018, it had 0 insider buys, and 22 selling transactions for $270.26 million activity. HILL W BRYAN sold 8,000 shares worth $407,218. 451,676 RealPage, Inc. (NASDAQ:RP) shares with value of $26.76 million were sold by Seren Capital – Ltd.. BERKELEY ALFRED R III sold $211,440 worth of stock or 4,000 shares. $522,800 worth of RealPage, Inc. (NASDAQ:RP) was sold by Chaney William P on Wednesday, March 7. The insider Blount Andrew sold 56,250 shares worth $2.88 million. The insider Monk David G sold $428,800.

The stock of Realpage Inc (NASDAQ:RP) registered a decrease of 1.88% in short interest. RP’s total short interest was 2.66M shares in August as published by FINRA. Its down 1.88% from 2.71 million shares, reported previously. With 366,400 shares average volume, it will take short sellers 7 days to cover their RP’s short positions. The short interest to Realpage Inc’s float is 4.45%.

The stock increased 0.59% or $0.35 during the last trading session, reaching $59.5. About 502,656 shares traded. RealPage, Inc. (NASDAQ:RP) has risen 70.85% since August 12, 2017 and is uptrending. It has outperformed by 58.28% the S&P500.

RealPage, Inc. provides software and data analytics for the real estate industry in the United States. The company has market cap of $5.39 billion. 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. It has a 1043.86 P/E ratio. The firm also provides Kigo, a vacation rental property management system; spend management solutions for property owners and managers; The RealPage Cloud, an application infrastructure to outsource portions of the information technology operations; SmartSource that provides back-office accounting, and IT management and support services; and EasyLMS, a learning management system for property management professionals and their staff.

RealPage, Inc. (NASDAQ:RP) Ratings Coverage

Among 5 analysts covering Realpage (NASDAQ:RP), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Realpage had 7 analyst reports since February 28, 2018 according to SRatingsIntel. KeyBanc Capital Markets maintained it with “Overweight” rating and $67 target in Friday, August 3 report. As per Thursday, June 21, the company rating was initiated by J.P. Morgan. The firm earned “Buy” rating on Friday, April 20 by Stephens. The stock of RealPage, Inc. (NASDAQ:RP) earned “Overweight” rating by Morgan Stanley on Friday, May 4. The company was maintained on Friday, May 4 by KeyBanc Capital Markets. On Wednesday, February 28 the stock rating was maintained by Stephens with “Buy”.

More news for RealPage, Inc. (NASDAQ:RP) were recently published by: Seekingalpha.com, which released: “RealPage’s (RP) CEO Stephen Winn on Q2 2018 Results – Earnings Call Transcript” on August 05, 2018. Businesswire.com‘s article titled: “RealPage to Participate in Upcoming Investor Conference” and published on August 10, 2018 is yet another important article.

RealPage, Inc. (NASDAQ:RP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.