RealPage, Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 186,246 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total value of $7,487,089.20. Following the transaction, the insider now owns 18,139,354 shares of the company’s stock, valued at $729,202,030.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, September 6th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $41.73, for a total value of $1,998,032.40.
  • On Thursday, September 7th, Seren Capital, Ltd. sold 98,160 shares of RealPage stock. The stock was sold at an average price of $41.55, for a total value of $4,078,548.00.
  • On Monday, August 28th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $40.79, for a total value of $1,953,025.20.
  • On Tuesday, August 29th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $40.95, for a total value of $3,921,372.00.
  • On Wednesday, August 9th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $39.43, for a total value of $1,887,908.40.
  • On Thursday, August 10th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $38.98, for a total value of $3,732,724.80.
  • On Monday, June 26th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $37.17, for a total value of $1,779,699.60.
  • On Tuesday, June 27th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $36.95, for a total value of $3,538,332.00.

Shares of RealPage, Inc. (NASDAQ RP) traded up 1.90% on Thursday, reaching $40.15. The company’s stock had a trading volume of 560,292 shares. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 125.47 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 of $40.74 and a 200 day moving average of $37.16.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same period last year, the firm posted $0.18 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, analysts expect that RealPage, Inc. will post $0.93 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in RP. BlackRock Inc. increased its holdings in RealPage by 70,939.4% during the 1st quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after purchasing an additional 3,382,391 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in RealPage during the 2nd quarter valued at $107,795,000. Royal Bank of Canada increased its holdings in RealPage by 89,197.4% during the 2nd quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock valued at $34,092,000 after purchasing an additional 947,276 shares in the last quarter. Citadel Advisors LLC increased its holdings in RealPage by 1,793.3% during the 1st quarter. Citadel Advisors LLC now owns 919,565 shares of the software maker’s stock valued at $32,093,000 after purchasing an additional 870,996 shares in the last quarter. Finally, Stockbridge Partners LLC increased its holdings in RealPage by 26.2% during the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after purchasing an additional 790,297 shares in the last quarter. 70.49% of the stock is owned by hedge funds and other institutional investors.

RP has been the subject of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $42.00 price target on shares of RealPage in a research report on Monday. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Finally, KeyCorp initiated coverage on RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $41.29.

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.

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

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