Garelick Capital Partners Lp buys $6.2 Million stake in RealPage (RP)

RealPage (RP) : Garelick Capital Partners Lp scooped up 69,628 additional shares in RealPage during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 283,694 shares of RealPage which is valued at $6.2 Million.RealPage makes up approximately 5.00% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp boosted its stake in RP in the latest quarter, The investment management firm added 28,595 additional shares and now holds a total of 38,895 shares of RealPage which is valued at $845,577. RealPage makes up approx 0.10% of Trexquant Investment Lp’s portfolio.Financial Counselors Inc reduced its stake in RP by selling 4,000 shares or 10.64% in the most recent quarter. The Hedge Fund company now holds 33,600 shares of RP which is valued at $730,464. RealPage makes up approx 0.05% of Financial Counselors Inc’s portfolio.Blackrock Fund Advisors reduced its stake in RP by selling 77,630 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 1,361,313 shares of RP which is valued at $29.6 Million. RealPage makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Nine Chapters Capital Management added RP to its portfolio by purchasing 16,600 company shares during the most recent quarter which is valued at $360,884. RealPage makes up approx 0.03% of Nine Chapters Capital Management’s portfolio. Los Angeles Capital Management Equity Research Inc added RP to its portfolio by purchasing 10,300 company shares during the most recent quarter which is valued at $214,034.

RealPage closed down -0.14 points or -0.64% at $21.6 with 2,07,409 shares getting traded on Monday. Post opening the session at $21.73, the shares hit an intraday low of $21.59 and an intraday high of $21.85 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, RealPage reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $128.00 million for the quarter, compared to analysts expectations of $126.20 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

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.

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