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RealPage (NYSE:RP) major shareholder Seren Capital, Ltd. sold 22,400 shares of the company’s stock on the open market in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $20.28, for a total transaction of $454,272.00. Following the sale, the insider now directly owns 20,175,355 shares of the company’s stock, valued at approximately $409,156,199. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

RP has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of RealPage to a “hold” rating in a research note on Tuesday, February 25th. Separately, analysts at JMP Securities cut their price target on shares of RealPage from $28.00 to $24.00 in a research note on Tuesday, February 25th. Finally, analysts at Credit Suisse cut their price target on shares of RealPage from $20.00 to $15.00 in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. RealPage has a consensus rating of “Hold” and an average price target of $20.33.

RealPage (NYSE:RP) traded up 1.94% on Thursday, hitting $21.01. The stock had a trading volume of 394,520 shares. RealPage has a 52-week low of $15.40 and a 52-week high of $26.34. The stock’s 50-day moving average is $18.33 and its 200-day moving average is $20.52. The company has a market cap of $1.655 billion and a P/E ratio of 82.77.

RealPage (NYSE:RP) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $101.90 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Analysts expect that RealPage will post $0.68 EPS for the current fiscal year.

RealPage, Inc, is a provider of on demand software solutions for the rental housing industry. The Company’s platform consists of its property management systems, as well as seven families of software-enabled value-added services.

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