RealPage, Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 98,160 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $41.55, for a total transaction of $4,078,548.00. Following the completion of the transaction, the insider now owns 18,298,476 shares in the company, valued at $760,301,677.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 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 6th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The shares were sold at an average price of $41.73, for a total transaction of $1,998,032.40.
  • On Monday, August 28th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The shares were sold at an average price of $40.79, for a total transaction of $1,953,025.20.
  • On Tuesday, August 29th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $40.95, for a total transaction of $3,921,372.00.
  • On Wednesday, August 9th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The shares were sold at an average price of $39.43, for a total transaction of $1,887,908.40.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $3,344,896.80.

RealPage, Inc. (NASDAQ RP) opened at 41.85 on Friday. The stock’s 50 day moving average is $40.61 and its 200-day moving average is $36.97. RealPage, Inc. has a 1-year low of $23.69 and a 1-year high of $43.65. The firm has a market cap of $3.31 billion, a P/E ratio of 130.78 and a beta of 1.06.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. During the same period last year, the company posted $0.18 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that RealPage, Inc. will post $0.93 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in RealPage by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,609,197 shares of the software maker’s stock worth $165,700,000 after acquiring an additional 172,131 shares during the period. Stockbridge Partners LLC boosted its position in RealPage by 26.2% during the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock worth $136,835,000 after acquiring an additional 790,297 shares during the period. BlackRock Inc. boosted its position in RealPage by 4.8% during the 2nd quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after acquiring an additional 163,752 shares during the period. Janus Henderson Group PLC acquired a new stake in RealPage during the 2nd quarter worth about $107,795,000. Finally, Eagle Asset Management Inc. boosted its position in RealPage by 16.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 2,442,595 shares of the software maker’s stock worth $87,811,000 after acquiring an additional 348,203 shares during the period. Hedge funds and other institutional investors own 70.49% of the company’s stock.

A number of research analysts have issued reports on RP shares. Deutsche Bank AG restated a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of RealPage in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Royal Bank Of Canada upped their target price on shares of RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, August 3rd. Finally, JMP Securities restated an “outperform” rating and issued a $43.00 target price on shares of RealPage in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $41.29.

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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