RealPage, Inc. (RP) Chairman Sells $19,117,610.00 in Stock

RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 421,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.41, for a total value of $19,117,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Stephen T. Winn also recently made the following trade(s):

  • On Tuesday, November 28th, Stephen T. Winn sold 113,759 shares of RealPage stock. The shares were sold at an average price of $45.34, for a total value of $5,157,833.06.

RealPage, Inc. (RP) traded up $0.20 during midday trading on Thursday, hitting $45.35. The stock had a trading volume of 448,514 shares, compared to its average volume of 536,833. The firm has a market capitalization of $3,808.31, a price-to-earnings ratio of 83.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. RealPage, Inc. has a 52 week low of $28.00 and a 52 week high of $46.80.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. The business had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. RealPage’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. analysts anticipate that RealPage, Inc. will post 0.57 EPS for the current fiscal year.

Several research firms have weighed in on RP. Royal Bank Of Canada increased 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. Stephens reissued an “overweight” rating and issued a $47.00 target price (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Deutsche Bank increased their target price on RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.57.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in RealPage by 41.2% in the third quarter. Public Employees Retirement System of Ohio now owns 227,560 shares of the software maker’s stock valued at $9,080,000 after purchasing an additional 66,420 shares in the last quarter. Sterling Capital Management LLC grew its stake in RealPage by 15.8% in the third quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock valued at $2,180,000 after purchasing an additional 7,454 shares in the last quarter. Insight Capital Research & Management Inc. bought a new position in RealPage in the third quarter valued at approximately $1,717,000. California Public Employees Retirement System grew its stake in RealPage by 7.3% in the third quarter. California Public Employees Retirement System now owns 185,810 shares of the software maker’s stock valued at $7,414,000 after purchasing an additional 12,610 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in RealPage by 49.8% in the third quarter. Point72 Asset Management L.P. now owns 182,100 shares of the software maker’s stock valued at $7,266,000 after purchasing an additional 60,500 shares in the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.

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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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