RealPage, Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 47,880 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.43, for a total value of $1,887,908.40. Following the completion of the sale, the insider now directly owns 18,486,216 shares of the company’s stock, valued at $728,911,496.88. The transaction was disclosed in a document filed with the SEC, which is available 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 Thursday, August 10th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were 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 shares were 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 shares were sold at an average price of $36.95, for a total value of $3,538,332.00.
  • On Wednesday, June 14th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.93, for a total value of $3,344,896.80.
  • On Thursday, June 1st, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.21, for a total value of $3,275,949.60.
  • On Wednesday, May 24th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.41, for a total value of $3,295,101.60.

RealPage, Inc. (NASDAQ:RP) opened at 39.90 on Monday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 124.69 and a beta of 1.11. The company has a 50-day moving average price of $38.30 and a 200 day moving average price of $35.63. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for 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%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts predict that RealPage, Inc. will post $0.93 EPS for the current year.

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Several equities analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 price objective (up from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. JMP Securities reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $47.00 price objective (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. RealPage presently has a consensus rating of “Hold” and an average target price of $39.83.

Several hedge funds and other institutional investors have recently bought and sold shares of RP. American International Group Inc. boosted its position in RealPage by 5.3% in the first quarter. American International Group Inc. now owns 32,746 shares of the software maker’s stock valued at $1,143,000 after buying an additional 1,660 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in RealPage by 51.7% in the first quarter. PNC Financial Services Group Inc. now owns 76,058 shares of the software maker’s stock valued at $2,654,000 after buying an additional 25,919 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its position in RealPage by 8.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 46,585 shares of the software maker’s stock valued at $1,675,000 after buying an additional 3,530 shares in the last quarter. Capital Impact Advisors LLC bought a new position in RealPage during the first quarter valued at about $1,779,000. Finally, Geode Capital Management LLC boosted its position in RealPage by 4.1% in the first quarter. Geode Capital Management LLC now owns 459,510 shares of the software maker’s stock valued at $16,036,000 after buying an additional 17,968 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

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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