Insider Selling: RealPage, Inc. (RP) CEO Sells 27,930 Shares of Stock
RealPage, Inc. (NASDAQ:RP) CEO Stephen T. Winn sold 27,930 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $41.73, for a total transaction of $1,165,518.90. Following the completion of the sale, the chief executive officer now owns 3,143,085 shares of the company’s stock, valued at approximately $131,160,937.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
RealPage, Inc. (NASDAQ RP) traded up 0.97% during mid-day trading on Friday, hitting $41.85. 398,645 shares of the stock traded hands. The firm’s 50-day moving average price is $40.55 and its 200-day moving average price is $36.93. 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 $3.31 billion, a P/E ratio of 130.78 and a beta of 1.06.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.02 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on RP shares. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 target price (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada raised their price target on shares of RealPage from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Finally, JMP Securities restated an “outperform” rating and set a $43.00 price target on shares of RealPage in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.29.
A number of large investors have recently modified their holdings of RP. Nationwide Fund Advisors lifted its stake in RealPage by 1.7% in the 1st quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after purchasing an additional 948 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in RealPage by 94.3% in the 1st quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after purchasing an additional 114,737 shares during the last quarter. Wells Fargo & Company MN lifted its stake in RealPage by 21.6% in the 1st quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after purchasing an additional 29,468 shares during the last quarter. Capital Fund Management S.A. bought a new position in RealPage in the 1st quarter valued at approximately $244,000. Finally, Swiss National Bank lifted its stake in RealPage by 1.3% in the 1st quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after purchasing an additional 1,200 shares during the last quarter. 70.49% of the stock is owned by institutional investors and hedge funds.
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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