RealPage, Inc. (RP) Chairman Sells $6,797,580.00 in Stock
RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 163,600 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $41.55, for a total transaction of $6,797,580.00. Following the transaction, the chairman now directly owns 3,143,085 shares in the company, valued at $130,595,181.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RealPage, Inc. (NASDAQ RP) traded up 0.97% during mid-day trading on Friday, reaching $41.85. 398,645 shares of the company traded hands. The company has a market capitalization of $3.31 billion, a P/E ratio of 130.78 and a beta of 1.06. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The stock has a 50 day moving average price of $40.55 and a 200-day moving average price of $36.93.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. RealPage’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
A number of research firms have recently commented on RP. Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 target price (up from $38.00) on shares of RealPage in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of 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 target price (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and issued a $47.00 price target (up 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 price target on shares of RealPage in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. RealPage presently has a consensus rating of “Buy” and an average price target of $41.29.
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in RealPage by 70,939.4% in the first quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock worth $118,213,000 after purchasing an additional 3,382,391 shares during the period. Janus Henderson Group PLC bought a new position in RealPage in the second quarter worth $107,795,000. Royal Bank of Canada lifted its position in RealPage by 89,197.4% in the second quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock worth $34,092,000 after purchasing an additional 947,276 shares during the period. Citadel Advisors LLC lifted its position in RealPage by 1,793.3% in the first quarter. Citadel Advisors LLC now owns 919,565 shares of the software maker’s stock worth $32,093,000 after purchasing an additional 870,996 shares during the period. Finally, Stockbridge Partners LLC lifted its position in RealPage by 26.2% in the second quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after purchasing an additional 790,297 shares during the period. Institutional investors and hedge funds own 70.49% of the company’s stock.
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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