RealPage Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 59,800 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $28.39, for a total value of $1,697,722.00. Following the completion of the sale, the insider now directly owns 19,376,217 shares of the company’s stock, valued at approximately $550,090,800.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, September 28th, Seren Capital, Ltd. sold 24,000 shares of RealPage stock. The shares were sold at an average price of $25.63, for a total value of $615,120.00.
  • On Friday, September 23rd, Seren Capital, Ltd. sold 35,963 shares of RealPage stock. The shares were sold at an average price of $26.12, for a total value of $939,353.56.
  • On Thursday, September 15th, Seren Capital, Ltd. sold 44,000 shares of RealPage stock. The shares were sold at an average price of $24.84, for a total value of $1,092,960.00.
  • On Thursday, September 8th, Seren Capital, Ltd. sold 64,000 shares of RealPage stock. The shares were sold at an average price of $25.50, for a total value of $1,632,000.00.
  • On Thursday, September 1st, Seren Capital, Ltd. sold 9,000 shares of RealPage stock. The shares were sold at an average price of $25.58, for a total value of $230,220.00.
  • On Friday, August 26th, Seren Capital, Ltd. sold 18,000 shares of RealPage stock. The shares were sold at an average price of $25.58, for a total value of $460,440.00.

Shares of RealPage Inc. (NASDAQ:RP) traded down 0.088% during trading on Thursday, reaching $28.375. 92,455 shares of the company traded hands. RealPage Inc. has a 52 week low of $16.06 and a 52 week high of $29.41. The company has a market capitalization of $2283.36 billion, a price-to-earnings ratio of 166.912 and a beta of 0.96. The firm’s 50 day moving average price is $26.37 and its 200-day moving average price is $24.38.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. RealPage had a net margin of 2.44% and a return on equity of 9.75%. The business earned $147.80 million during the quarter, compared to analysts’ expectations of $147.07 million. During the same quarter in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities analysts anticipate that RealPage Inc. will post $0.74 EPS for the current fiscal year.

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

A number of research analysts recently issued reports on the company. Credit Suisse Group AG set a $24.00 price target on RealPage and gave the company a “sell” rating in a report on Sunday, November 6th. Royal Bank Of Canada boosted their price target on RealPage from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, August 4th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. JMP Securities upped their target price on RealPage from $28.00 to $35.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Finally, Benchmark Co. reiterated a “buy” rating and set a $30.00 target price on shares of RealPage in a report on Friday, November 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.71.

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in RealPage by 0.5% in the second quarter. Principal Financial Group Inc. now owns 12,617 shares of the company’s stock valued at $282,000 after buying an additional 59 shares during the last quarter. American International Group Inc. raised its stake in RealPage by 0.6% in the second quarter. American International Group Inc. now owns 31,120 shares of the company’s stock valued at $695,000 after buying an additional 197 shares during the last quarter. First Trust Advisors LP raised its position in RealPage by 0.8% in the third quarter. First Trust Advisors LP now owns 52,571 shares of the company’s stock valued at $1,351,000 after buying an additional 436 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of RealPage by 3.5% in the second quarter. Eqis Capital Management Inc. now owns 26,833 shares of the company’s stock worth $599,000 after buying an additional 896 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of RealPage by 2.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,465 shares of the company’s stock worth $886,000 after buying an additional 940 shares during the last quarter. 66.58% of the stock is owned by institutional investors and hedge funds.

RealPage Company Profile

RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.

5 Day Chart for NASDAQ:RP

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