RealPage Inc (RP) Major Shareholder Sells $4,863,399.97 in Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 109,709 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $44.33, for a total value of $4,863,399.97. Following the transaction, the insider now directly owns 17,342,250 shares of the company’s stock, valued at approximately $768,781,942.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Seren Capital, Ltd. also recently made the following trade(s):

  • On Wednesday, December 20th, Seren Capital, Ltd. sold 48,065 shares of RealPage stock. The stock was sold at an average price of $44.63, for a total value of $2,145,140.95.
  • On Monday, December 11th, Seren Capital, Ltd. sold 23,566 shares of RealPage stock. The stock was sold at an average price of $44.24, for a total value of $1,042,559.84.
  • On Wednesday, December 13th, Seren Capital, Ltd. sold 73,501 shares of RealPage stock. The stock was sold at an average price of $44.32, for a total value of $3,257,564.32.
  • On Tuesday, November 28th, Seren Capital, Ltd. sold 195,016 shares of RealPage stock. The stock was sold at an average price of $45.34, for a total value of $8,842,025.44.
  • On Thursday, November 30th, Seren Capital, Ltd. sold 252,600 shares of RealPage stock. The stock was sold at an average price of $45.41, for a total value of $11,470,566.00.
  • On Monday, November 13th, Seren Capital, Ltd. sold 89,220 shares of RealPage stock. The stock was sold at an average price of $43.50, for a total value of $3,881,070.00.
  • On Wednesday, November 15th, Seren Capital, Ltd. sold 188,601 shares of RealPage stock. The stock was sold at an average price of $43.57, for a total value of $8,217,345.57.
  • On Thursday, September 28th, Seren Capital, Ltd. sold 153,154 shares of RealPage stock. The stock was sold at an average price of $39.93, for a total value of $6,115,439.22.

RealPage Inc (RP) opened at $43.85 on Monday. RealPage Inc has a fifty-two week low of $28.00 and a fifty-two week high of $46.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $3,610.00, a PE ratio of 125.29 and a beta of 1.08.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $170.73 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities analysts forecast that RealPage Inc will post 0.57 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RP. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the last quarter. Bessemer Group Inc. grew its position in shares of RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after buying an additional 485 shares during the last quarter. Bfsg LLC bought a new stake in shares of RealPage in the 2nd quarter valued at about $209,000. Finally, Breton Hill Capital Ltd. bought a new stake in shares of RealPage in the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.

A number of equities analysts have issued reports on the company. BidaskClub cut RealPage from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Morgan Stanley assumed coverage on RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price for the company. KeyCorp assumed coverage on RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. RealPage has a consensus rating of “Hold” and a consensus price target of $46.57.

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RealPage Company Profile

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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