Insider Selling: RealPage, Inc. (RP) Director Sells 3,500 Shares of Stock
RealPage, Inc. (NASDAQ:RP) Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $40.30, for a total transaction of $141,050.00. Following the transaction, the director now directly owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
RealPage, Inc. (NASDAQ RP) traded up 0.36% during mid-day trading on Wednesday, reaching $41.80. 423,130 shares of the company’s stock were exchanged. The company’s 50-day moving average is $38.67 and its 200 day moving average is $35.91. The firm has a market capitalization of $3.30 billion, a P/E ratio of 130.62 and a beta of 1.11. RealPage, Inc. has a one year low of $23.69 and a one year high of $43.65.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Equities analysts predict that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on RP shares. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price target (up from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. JMP Securities reissued an “outperform” rating and set a $43.00 price target on shares of RealPage in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price target on shares of RealPage in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.83.
Hedge funds have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. purchased a new stake in RealPage during the first quarter valued at approximately $244,000. Eqis Capital Management Inc. raised its stake in RealPage by 21.2% in the first quarter. Eqis Capital Management Inc. now owns 37,189 shares of the software maker’s stock valued at $1,298,000 after buying an additional 6,510 shares during the last quarter. Wells Fargo & Company MN raised its stake in RealPage by 21.6% in the first quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after buying an additional 29,468 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in RealPage by 11.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 45,954 shares of the software maker’s stock valued at $1,604,000 after buying an additional 4,670 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in RealPage by 94.3% in the first quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after buying an additional 114,737 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.
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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