RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 159,600 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $40.95, for a total transaction of $6,535,620.00. Following the completion of the transaction, the chairman now owns 3,224,670 shares of the company’s stock, valued at approximately $132,050,236.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

RealPage, Inc. (NASDAQ:RP) traded up 2.13% on Thursday, reaching $43.10. 373,731 shares of the company traded hands. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 134.69 and a beta of 1.11. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The firm has a 50 day moving average price of $39.57 and a 200 day moving average price of $36.39.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts predict that RealPage, Inc. will post $0.93 EPS for the current year.

WARNING: “RealPage, Inc. (RP) Chairman Stephen T. Winn Sells 159,600 Shares” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. 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.thecerbatgem.com/2017/08/31/realpage-inc-rp-chairman-stephen-t-winn-sells-159600-shares.html.

A number of equities research analysts recently commented on RP shares. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Stephens reaffirmed an “overweight” rating and set a $47.00 price target (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. JMP Securities reaffirmed an “outperform” rating and set a $43.00 price target on shares of RealPage in a research note on Friday, May 5th. Deutsche Bank AG raised their target price on shares of RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of RealPage in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. RealPage currently has a consensus rating of “Hold” and an average target price of $39.83.

Hedge funds and other institutional investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. raised its position in shares of 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 worth $1,675,000 after buying an additional 3,530 shares during the last quarter. American International Group Inc. raised its position in shares of RealPage by 5.3% in the first quarter. American International Group Inc. now owns 32,746 shares of the software maker’s stock worth $1,143,000 after buying an additional 1,660 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of RealPage by 51.7% in the first quarter. PNC Financial Services Group Inc. now owns 76,058 shares of the software maker’s stock worth $2,654,000 after buying an additional 25,919 shares during the last quarter. Geode Capital Management LLC raised its position in shares of RealPage by 4.1% in the first quarter. Geode Capital Management LLC now owns 459,510 shares of the software maker’s stock worth $16,036,000 after buying an additional 17,968 shares during the last quarter. Finally, American Capital Management Inc. purchased a new position in shares of RealPage during the second quarter worth approximately $10,332,000. Institutional investors and hedge funds own 70.49% of the company’s stock.

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 & Stock Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related stocks with our FREE daily email newsletter.