RealPage, Inc. (RP) EVP William P. Chaney Sells 15,000 Shares
RealPage, Inc. (NASDAQ:RP) EVP William P. Chaney sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $41.30, for a total value of $619,500.00. Following the sale, the executive vice president now directly owns 196,339 shares in the company, valued at approximately $8,108,800.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of RealPage, Inc. (NASDAQ:RP) traded down 1.32% during midday trading on Thursday, hitting $41.25. The company’s stock had a trading volume of 400,511 shares. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The firm has a market cap of $3.26 billion, a P/E ratio of 128.91 and a beta of 1.11. The stock’s 50 day moving average is $38.67 and its 200-day moving average is $35.91.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm 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 business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. Equities analysts predict that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RP. Capital Fund Management S.A. bought a new position in shares of RealPage during the first quarter valued at about $244,000. Eqis Capital Management Inc. raised its position in shares of 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 period. Wells Fargo & Company MN raised its position in shares of 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 period. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of 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 period. Finally, Russell Investments Group Ltd. raised its position in shares of 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 period. Hedge funds and other institutional investors own 67.91% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 target price (up previously from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $47.00 target price (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $43.00 target price on shares of RealPage in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.83.
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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