RealPage (RP) Major Shareholder Sells $2,683,202.28 in Stock

RealPage (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 45,111 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $59.48, for a total transaction of $2,683,202.28. Following the completion of the sale, the insider now owns 16,348,034 shares in the company, valued at $972,381,062.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, May 9th, Seren Capital, Ltd. sold 119,484 shares of RealPage stock. The stock was sold at an average price of $60.37, for a total transaction of $7,213,249.08.
  • On Friday, May 11th, Seren Capital, Ltd. sold 279,167 shares of RealPage stock. The stock was sold at an average price of $60.53, for a total transaction of $16,897,978.51.
  • On Tuesday, March 27th, Seren Capital, Ltd. sold 27,304 shares of RealPage stock. The stock was sold at an average price of $52.68, for a total transaction of $1,438,374.72.
  • On Thursday, March 29th, Seren Capital, Ltd. sold 174,432 shares of RealPage stock. The stock was sold at an average price of $51.40, for a total transaction of $8,965,804.80.
  • On Monday, March 12th, Seren Capital, Ltd. sold 27,117 shares of RealPage stock. The stock was sold at an average price of $53.37, for a total transaction of $1,447,234.29.
  • On Thursday, March 8th, Seren Capital, Ltd. sold 126,405 shares of RealPage stock. The stock was sold at an average price of $53.00, for a total transaction of $6,699,465.00.
  • On Tuesday, March 6th, Seren Capital, Ltd. sold 57,358 shares of RealPage stock. The stock was sold at an average price of $52.31, for a total transaction of $3,000,396.98.
  • On Wednesday, March 14th, Seren Capital, Ltd. sold 312,682 shares of RealPage stock. The stock was sold at an average price of $52.88, for a total transaction of $16,534,624.16.

Shares of RealPage traded up $0.20, reaching $58.50, during trading hours on Wednesday, MarketBeat.com reports. 778,400 shares of the stock were exchanged, compared to its average volume of 479,487. RealPage has a 12-month low of $32.50 and a 12-month high of $61.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The stock has a market cap of $5.06 billion, a PE ratio of 162.92 and a beta of 1.09.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $188.39 million for the quarter, compared to analysts’ expectations of $186.46 million. RealPage had a return on equity of 11.01% and a net margin of 0.43%. sell-side analysts forecast that RealPage will post 1.05 EPS for the current year.

A number of equities analysts recently commented on RP shares. Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Thursday, May 10th. KeyCorp lifted their price target on shares of RealPage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, May 4th. Deutsche Bank lifted their price target on shares of RealPage to $60.00 in a research note on Wednesday, February 28th. Morgan Stanley raised shares of RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Tuesday, January 30th. Finally, TheStreet cut shares of RealPage from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.14.

A number of institutional investors have recently added to or reduced their stakes in RP. Schwab Charles Investment Management Inc. boosted its position in RealPage by 6.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 280,667 shares of the software maker’s stock valued at $12,434,000 after buying an additional 17,737 shares during the period. American Capital Management Inc. boosted its position in RealPage by 36.1% in the 4th quarter. American Capital Management Inc. now owns 561,439 shares of the software maker’s stock valued at $24,872,000 after buying an additional 148,847 shares during the period. Bfsg LLC boosted its position in RealPage by 21.2% in the 4th quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock valued at $327,000 after buying an additional 1,291 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in RealPage in the 4th quarter valued at about $162,000. 80.01% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply