Berkshire Partners’ Subsidiary Stockbridge Partners Surges Stake in RealPage, Inc. (RP)

A Berkshire Partners’ subsidiary Stockbridge Partners, managed by Robert J. Small, has revealed, in a new filing, surging its position in RealPage, Inc. (NASDAQ:RP). The stake is passive by nature and contains around 4.05 million shares, equal to 5.2% of the company’s common stock. Earlier, Stockbridge reported ownership of approximately 2.16 million shares of RealPage.

RealPage

Matthew A. Weatherbie‘s Weatherbie Capital is another major shareholder of RealPage, Inc. (NASDAQ:RP), in its latest 13F filing disclosing a $26.94 million stake, which amasses 1.15 million shares. Israel Englander‘s Millennium Management has added the company to its equity portfolio during the last quarter of 2013, and currently owns 135,400 shares, valued at $3.17 million.

For the previous year, RealPage, Inc. (NASDAQ:RP), an enterprise software company specialized in the rental housing business, reported a revenue of $377 million, up by 17% in comparison with 2012. The net income of the company also went up to $0.59 per diluted share, an increase of over 25% on the year.

However, the stock of RealPage, Inc. (NASDAQ:RP) has declined by 21% since the beginning of the year, and trails a P/E of around 68.xx, much higher than the Application Software industry average of 35.xx. At the same time, the stock sports a forward P/E of approximately 22, and a Price/Earnings to Growth ratio of 1.40. On average, the recommendation for the company is ‘Overweight’ with the mean target price being at slightly below $22.

Stockbridge Partners is a fund focused on marketable securities with an equity portfolio worth over $1.40 billion, diversified among several sectors, with Technology and Services stocks amassing the largest portions. TransDigm Group Incorporated (NYSE:TDG) represents the largest holding, in terms of value, with 1.05 million shares worth $168.30 million, amassing 12% of the equity portfolio. Among other notable positions is LPL Financial Holdings Inc (NASDAQ:LPLA), and Mattress Firm Holding Corp (NASDAQ:MFRM), in which the fund owns 3.01 million and 2.75 million shares, worth $141.68 million and $118.28 million respectively.

Disclosure: none

Recommended Reading:

Red Mountain Capital Boost Activist Stake in Destination XL Group Inc (DXLG) to 11.7%

Mario Gabelli Reveales Latest Moves In Its Equity Portfolio

Daniel Gold, QVT Financial Increase Stake In CytRx Corporation (CYTR) & Further Reduce Exposure To Pacific Alliance China Land Limited (PACL)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!