Insider Selling: RealPage Inc (RP) Director Sells $60,600.00 in Stock

RealPage Inc (NASDAQ:RP) Director Alfred R. Berkeley III sold 1,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $60.60, for a total transaction of $60,600.00. Following the sale, the director now owns 34,881 shares in the company, valued at $2,113,788.60. The sale was disclosed in a filing with the SEC, which is available at this link.

RealPage stock opened at $62.50 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. RealPage Inc has a 1-year low of $38.40 and a 1-year high of $63.75. The stock has a market capitalization of $5.84 billion, a P/E ratio of 173.61 and a beta of 1.15.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company had revenue of $216.36 million for the quarter, compared to analyst estimates of $215.14 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. sell-side analysts expect that RealPage Inc will post 1.03 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in RealPage by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,906 shares of the software maker’s stock worth $459,000 after acquiring an additional 866 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of RealPage by 2.9% during the second quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock valued at $1,737,000 after purchasing an additional 875 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of RealPage by 11.1% during the second quarter. Xact Kapitalforvaltning AB now owns 9,009 shares of the software maker’s stock valued at $496,000 after purchasing an additional 900 shares in the last quarter. Denver Investment Advisors LLC boosted its stake in shares of RealPage by 6.7% during the first quarter. Denver Investment Advisors LLC now owns 15,441 shares of the software maker’s stock valued at $795,000 after purchasing an additional 963 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its stake in shares of RealPage by 22.4% during the first quarter. Quantitative Systematic Strategies LLC now owns 5,775 shares of the software maker’s stock valued at $297,000 after purchasing an additional 1,055 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

A number of analysts recently weighed in on the stock. KeyCorp reissued an “overweight” rating and issued a $72.00 price objective (down from $84.00) on shares of RealPage in a research report on Friday. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Royal Bank of Canada increased their price objective on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of RealPage in a research report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.50.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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