RealPage Inc (RP) CEO Stephen T. Winn Sells 28,039 Shares of Stock

RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 28,039 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $44.63, for a total value of $1,251,380.57. Following the transaction, the chief executive officer now directly owns 2,490,633 shares of the company’s stock, valued at $111,156,950.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephen T. Winn also recently made the following trade(s):

  • On Tuesday, November 28th, Stephen T. Winn sold 113,759 shares of RealPage stock. The shares were sold at an average price of $45.34, for a total value of $5,157,833.06.
  • On Thursday, November 30th, Stephen T. Winn sold 421,000 shares of RealPage stock. The shares were sold at an average price of $45.41, for a total value of $19,117,610.00.

RealPage Inc (NASDAQ:RP) traded down $0.15 on Friday, hitting $43.85. The stock had a trading volume of 247,766 shares, compared to its average volume of 488,078. RealPage Inc has a 52 week low of $28.00 and a 52 week high of $46.80. The firm has a market capitalization of $3,610.00, a PE ratio of 125.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The company had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $170.73 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. analysts forecast that RealPage Inc will post 0.57 earnings per share for the current year.

A number of analysts have recently issued reports on RP shares. Morgan Stanley started coverage on RealPage in a research report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price objective for the company. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. Finally, Benchmark raised their price objective on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. RealPage presently has a consensus rating of “Hold” and an average price target of $46.57.

Several hedge funds and other institutional investors have recently made changes to their positions in RP. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of RealPage by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after purchasing an additional 272 shares during the period. Bessemer Group Inc. increased its stake in shares of RealPage by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after purchasing an additional 485 shares during the period. Bfsg LLC bought a new position in shares of RealPage during the second quarter worth approximately $209,000. Finally, Breton Hill Capital Ltd. bought a new position in shares of RealPage during the third quarter worth approximately $228,000. Institutional investors own 73.58% of the company’s stock.

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About RealPage

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

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