RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 95,760 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total transaction of $3,295,101.60. Following the completion of the sale, the insider now owns 18,869,256 shares in the company, valued at $649,291,098.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, May 11th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $35.19, for a total transaction of $3,369,794.40.
  • On Wednesday, March 22nd, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $35.01, for a total transaction of $3,352,557.60.
  • On Thursday, March 9th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.62, for a total transaction of $3,315,211.20.

RealPage Inc (NASDAQ:RP) traded up 2.21% during trading on Thursday, hitting $34.65. 365,176 shares of the company traded hands. The stock has a market capitalization of $2.71 billion, a PE ratio of 127.86 and a beta of 0.98. RealPage Inc has a 52 week low of $20.01 and a 52 week high of $38.25. The company’s 50 day moving average is $35.91 and its 200-day moving average is $32.55.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, May 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $153.62 million for the quarter, compared to the consensus estimate of $152.21 million. RealPage had a net margin of 2.44% and a return on equity of 9.75%. RealPage’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Analysts predict that RealPage Inc will post $0.91 earnings per share for the current year.

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

TRADEMARK VIOLATION WARNING: “RealPage Inc (RP) Major Shareholder Sells $3,295,101.60 in Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/05/25/realpage-inc-rp-major-shareholder-sells-3295101-60-in-stock.html.

A number of large investors have recently added to or reduced their stakes in RP. Vanguard Group Inc. increased its stake in RealPage by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,437,066 shares of the software maker’s stock worth $154,855,000 after buying an additional 197,060 shares during the last quarter. BlackRock Inc. increased its stake in shares of RealPage by 70,939.4% in the first quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after buying an additional 3,382,391 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of RealPage by 0.9% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 1,889,340 shares of the software maker’s stock valued at $56,680,000 after buying an additional 16,925 shares in the last quarter. Arrowpoint Asset Management LLC increased its stake in shares of RealPage by 18.0% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,817,789 shares of the software maker’s stock valued at $54,534,000 after buying an additional 276,815 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of RealPage by 5.2% in the third quarter. BlackRock Fund Advisors now owns 1,468,680 shares of the software maker’s stock valued at $37,745,000 after buying an additional 72,952 shares in the last quarter. 66.14% of the stock is currently owned by institutional investors.

RP has been the topic of several research reports. Benchmark Co. restated a “buy” rating and set a $38.00 price objective (up previously from $35.00) on shares of RealPage in a research report on Monday, February 27th. Deutsche Bank AG raised their price objective on shares of RealPage from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a research report on Saturday, March 4th. Royal Bank of Canada restated a “hold” rating and set a $32.00 price objective on shares of RealPage in a research report on Tuesday, February 28th. Finally, JMP Securities restated an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.00.

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.

12 Month Chart for NASDAQ:RP

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