Stephen T. Winn Sells 310,411 Shares of RealPage, Inc. (RP) Stock
RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 310,411 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $12,478,522.20. Following the completion of the transaction, the chairman now owns 3,050,264 shares in the company, valued at approximately $122,620,612.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
RealPage, Inc. (NASDAQ:RP) traded up 1.90% during mid-day trading on Thursday, hitting $40.15. The stock had a trading volume of 560,292 shares. RealPage, Inc. has a 52 week low of $23.69 and a 52 week high of $43.65. The company has a market capitalization of $3.17 billion, a P/E ratio of 125.47 and a beta of 1.06. The stock’s 50-day moving average is $40.74 and its 200 day moving average is $37.16.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. RealPage’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Equities analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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RP has been the topic of a number of recent research reports. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank AG restated 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. KeyCorp initiated coverage on RealPage in a research note on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price on the stock. Royal Bank Of Canada boosted their target price on RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $41.29.
Several hedge funds and other institutional investors have recently made changes to their positions in RP. Nationwide Fund Advisors grew its holdings in shares of 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 acquiring an additional 948 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of 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 acquiring an additional 114,737 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 acquiring an additional 29,468 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of RealPage in the 1st quarter valued at about $244,000. Finally, Swiss National Bank grew its holdings in shares of 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 acquiring an additional 1,200 shares in the last quarter. Institutional investors 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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