RealPage Inc (RP) Major Shareholder Seren Capital, Ltd. Sells 121,180 Shares

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 121,180 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $45.52, for a total transaction of $5,516,113.60. Following the completion of the sale, the insider now directly owns 17,249,554 shares of the company’s stock, valued at approximately $785,199,698.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, January 3rd, Seren Capital, Ltd. sold 34,052 shares of RealPage stock. The stock was sold at an average price of $45.19, for a total transaction of $1,538,809.88.
  • On Wednesday, December 20th, Seren Capital, Ltd. sold 48,065 shares of RealPage stock. The stock was sold at an average price of $44.63, for a total transaction of $2,145,140.95.
  • On Friday, December 22nd, Seren Capital, Ltd. sold 109,709 shares of RealPage stock. The stock was sold at an average price of $44.33, for a total transaction of $4,863,399.97.
  • On Monday, December 11th, Seren Capital, Ltd. sold 23,566 shares of RealPage stock. The stock was sold at an average price of $44.24, for a total transaction of $1,042,559.84.
  • On Wednesday, December 13th, Seren Capital, Ltd. sold 73,501 shares of RealPage stock. The stock was sold at an average price of $44.32, for a total transaction of $3,257,564.32.
  • On Tuesday, November 28th, Seren Capital, Ltd. sold 195,016 shares of RealPage stock. The stock was sold at an average price of $45.34, for a total transaction of $8,842,025.44.
  • On Thursday, November 30th, Seren Capital, Ltd. sold 252,600 shares of RealPage stock. The stock was sold at an average price of $45.41, for a total transaction of $11,470,566.00.
  • On Monday, November 13th, Seren Capital, Ltd. sold 89,220 shares of RealPage stock. The stock was sold at an average price of $43.50, for a total transaction of $3,881,070.00.
  • On Wednesday, November 15th, Seren Capital, Ltd. sold 188,601 shares of RealPage stock. The stock was sold at an average price of $43.57, for a total transaction of $8,217,345.57.

RealPage Inc (RP) traded down $0.40 on Friday, hitting $45.40. The stock had a trading volume of 454,335 shares, compared to its average volume of 455,733. RealPage Inc has a 12 month low of $28.00 and a 12 month high of $46.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3,790.00, a PE ratio of 129.71 and a beta of 1.09.

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

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. KeyCorp began coverage on RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Benchmark boosted their price objective on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Stephens upped their target price on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, December 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. RealPage presently has an average rating of “Buy” and an average target price of $47.88.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of 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 raised its stake in shares of 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. acquired a new position in shares of RealPage in the third quarter valued at $1,717,000. California Public Employees Retirement System raised its stake in shares of 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. raised its stake in shares of 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 73.58% of the company’s stock.

WARNING: “RealPage Inc (RP) Major Shareholder Seren Capital, Ltd. Sells 121,180 Shares” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/05/realpage-inc-rp-major-shareholder-seren-capital-ltd-sells-121180-shares.html.

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)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply