RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 296,980 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $61.05, for a total transaction of $18,130,629.00. Following the completion of the transaction, the insider now directly owns 15,309,495 shares of the company’s stock, valued at approximately $934,644,669.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Seren Capital, Ltd. also recently made the following trade(s):

  • On Monday, August 27th, Seren Capital, Ltd. sold 112,786 shares of RealPage stock. The stock was sold at an average price of $60.75, for a total transaction of $6,851,749.50.
  • On Wednesday, June 20th, Seren Capital, Ltd. sold 134,362 shares of RealPage stock. The stock was sold at an average price of $58.51, for a total transaction of $7,861,520.62.
  • On Friday, June 22nd, Seren Capital, Ltd. sold 476,962 shares of RealPage stock. The stock was sold at an average price of $56.73, for a total transaction of $27,058,054.26.
  • On Tuesday, June 5th, Seren Capital, Ltd. sold 166,280 shares of RealPage stock. The stock was sold at an average price of $60.98, for a total transaction of $10,139,754.40.
  • On Thursday, June 7th, Seren Capital, Ltd. sold 451,676 shares of RealPage stock. The stock was sold at an average price of $59.24, for a total transaction of $26,757,286.24.

Shares of RealPage stock opened at $61.40 on Friday. RealPage Inc has a 52-week low of $38.40 and a 52-week high of $61.95. The firm has a market capitalization of $5.69 billion, a PE ratio of 170.61 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The company had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $215.14 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 33.3% on a year-over-year basis. equities research analysts forecast that RealPage Inc will post 1.03 EPS for the current year.

A number of large investors have recently bought and sold shares of RP. FMR LLC raised its holdings in RealPage by 98.0% during the 2nd quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock valued at $214,953,000 after buying an additional 1,930,973 shares during the last quarter. Millennium Management LLC raised its holdings in RealPage by 10,937.8% during the 2nd quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after buying an additional 797,364 shares during the last quarter. Fred Alger Management Inc. raised its holdings in RealPage by 316.2% during the 2nd quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock valued at $55,475,000 after buying an additional 764,890 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in RealPage by 67.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 948,207 shares of the software maker’s stock valued at $52,247,000 after buying an additional 382,846 shares during the last quarter. Finally, Chicago Capital LLC bought a new stake in RealPage during the 1st quarter valued at $16,986,000. Institutional investors own 81.10% of the company’s stock.

A number of brokerages have recently issued reports on RP. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Royal Bank of Canada upped their price objective on shares of RealPage to $59.00 and gave the company a “sector perform” rating in a research note on Friday, May 4th. JPMorgan Chase & Co. began coverage on shares of RealPage in a research note on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price objective for the company. Finally, Morgan Stanley set a $62.00 price objective on shares of RealPage and gave the company a “buy” rating in a research note on Friday, May 4th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. RealPage presently has a consensus rating of “Buy” and an average target price of $63.88.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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