RealPage, Inc. (RP) CEO Stephen T. Winn Sells 52,045 Shares of Stock
RealPage, Inc. (NASDAQ:RP) CEO Stephen T. Winn sold 52,045 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $43.50, for a total value of $2,263,957.50. Following the transaction, the chief executive officer now directly owns 2,766,870 shares of the company’s stock, valued at approximately $120,358,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
RealPage, Inc. (NASDAQ:RP) traded up $0.75 during mid-day trading on Friday, hitting $44.10. The stock had a trading volume of 387,600 shares, compared to its average volume of 540,253. RealPage, Inc. has a 52 week low of $27.20 and a 52 week high of $45.10. The company has a market cap of $3,610.00, a price-to-earnings ratio of 78.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The company had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. research analysts expect that RealPage, Inc. will post 0.57 earnings per share for the current fiscal year.
Several research firms have commented on RP. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. Benchmark Co. upped their price target on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank AG upped their price target on RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. RealPage currently has an average rating of “Buy” and an average target price of $46.33.
Several hedge funds have recently added to or reduced their stakes in RP. BlackRock Inc. grew its stake in shares of RealPage by 70,939.4% in the 1st quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after purchasing an additional 3,382,391 shares during the period. Janus Henderson Group PLC bought a new stake in RealPage during the 2nd quarter worth approximately $107,795,000. Royal Bank of Canada grew its position in RealPage by 89,197.4% during the 2nd quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock worth $34,092,000 after acquiring an additional 947,276 shares during the last quarter. Stockbridge Partners LLC grew 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 last quarter. Finally, Renaissance Technologies LLC grew its position in RealPage by 74.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,378,538 shares of the software maker’s stock worth $49,558,000 after acquiring an additional 586,144 shares during the last quarter. Institutional investors own 70.14% of the company’s stock.
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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