Stephen T. Winn Sells 27,930 Shares of RealPage, Inc. (RP) Stock
RealPage, Inc. (NASDAQ:RP) CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $40.79, for a total transaction of $1,139,264.70. Following the transaction, the chief executive officer now directly owns 3,224,670 shares of the company’s stock, valued at approximately $131,534,289.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
RealPage, Inc. (NASDAQ RP) opened at 43.10 on Friday. The company has a market cap of $3.41 billion, a P/E 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 company’s 50-day moving average is $40.01 and its 200-day moving average is $36.67.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. 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 EPS. On average, analysts anticipate that RealPage, Inc. will post $0.93 EPS for the current fiscal year.
RP has been the subject of several analyst reports. Deutsche Bank AG raised their price target on shares of RealPage from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price target on shares of RealPage in a research note on Monday, July 24th. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. 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. Finally, Stephens reaffirmed an “overweight” rating and set a $47.00 price target (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.83.
Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage during the first quarter valued at $163,000. Bessemer Group Inc. boosted its stake in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage during the first quarter valued at $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage during the second quarter valued at $209,000. 70.49% of the stock is owned by institutional investors and hedge funds.
RealPage Company Profile
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.
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