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RP

RealPage

$57.86

-0.46 (-0.79%)

12:49
06/12/19
06/12
12:49
06/12/19
12:49

RealPage to acquire data services provider Hipercept

RealPage announced that it has agreed to acquire substantially all of the assets of CRE Global Enterprises, a holding company for Hipercept. Hipercept provides data services and data analytic solutions to institutional real estate owners with over $500B in assets under management operating in the U.S., Asia, Canada and Europe. Steve Winn, Chairman and CEO of RealPage, said, "With the addition of this acquisition to RealPage's previously developed capabilities, RealPage will offer an integrated platform to serve the end-to-end needs of an institutional real estate and alternative asset owner. No longer will customers need to cobble together applications and services to run their business. RealPage can offer a complete solution, supported by managed services, to run their entire operational process."

  • 13

    Nov

RP RealPage
$57.86

-0.46 (-0.79%)

02/26/19
JPMS
02/26/19
NO CHANGE
Target $70
JPMS
Overweight
RealPage share setup better for remainder of 2019, says JPMorgan
JPMorgan analyst Sterling Auty lowered his price target for RealPage to $70 while keeping an Overweight rating on the shares. Revenue in Q4 was shy of expectations, and for the second quarter in a row the revenue guidance was disappointing, Auty tells investors in a post-earnings research note. However, the issue does not appear related to demand but rather related to customer implementations being less efficient as customers are buying more products in each of these larger deals, says the analyst. In addition, Auty attributes some of the guidance to the new CFO Tom Ernst taking a prudent approach. He believes the setup for RealPage shares should better for the remainder of 2019.
02/26/19
SPHN
02/26/19
NO CHANGE
Target $70
SPHN
Overweight
Stephens does not see cause for concern in RealPage's 'fairly soft' guidance
Stephens analyst John Campbell said RealPage delivered "a mixed quarter and fairly soft guidance," but he does not see a cause for concern, arguing that the company's drawn out implementation timelines are "a rich man's problem" in that they are partly driven by the degree of bookings success RealPage is having in one of its most promising long-term offerings, namely Asset Optimization. He maintains an Overweight rating and $70 price target on RealPage shares following the company's quarterly report.
02/26/19
BNCH
02/26/19
NO CHANGE
Target $64
BNCH
Buy
RealPage implementation problems 'easily fixable,' says Benchmark
Benchmark analyst Mark Schappel keeps a Buy rating on RealPage following the company's Q4 report, stating that while the revenue shortfall was disappointing, profitability measures, including cash flow from operations, were strong. He said management outlined a strategy to address its product implementation issues and Schappel thinks most of the company's implementation issues are fixable in a reasonable time. He has a $64 price target on RealPage shares.
03/28/19
DADA
03/28/19
INITIATION
Target $60
DADA
Neutral
RealPage initiated with a Neutral at DA Davidson
DA Davidson analyst Peter Heckmann initiated RealPage with a Neutral rating and a price target of $60. The analyst believes that the company is "well positioned" to further generate "attractive growth in revenue and earnings" with "solid organic growth, steady margin expansion, and additional accretive acquisitions". Heckmann adds however that its current valuation is toward the high end of its historical range. The analyst expects to become more constructive on RealPage in the event of its stock price pullback.

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