RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 112,786 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $60.75, for a total transaction of $6,851,749.50. Following the transaction, the insider now directly owns 15,309,495 shares of the company’s stock, valued at $930,051,821.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 29th, Seren Capital, Ltd. sold 296,980 shares of RealPage stock. The shares were sold at an average price of $61.05, for a total transaction of $18,130,629.00.
  • On Wednesday, June 20th, Seren Capital, Ltd. sold 134,362 shares of RealPage stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $59.24, for a total transaction of $26,757,286.24.

Shares of RP stock opened at $61.40 on Friday. RealPage Inc has a 12 month low of $38.40 and a 12 month high of $61.95. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 170.56 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 earnings results on Thursday, August 2nd. The software maker reported $0.37 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.37. The business had revenue of $216.36 million during the quarter, compared to analysts’ expectations of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. research analysts predict that RealPage Inc will post 1.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its position in shares of RealPage by 98.0% in the second quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock worth $214,953,000 after purchasing an additional 1,930,973 shares during the period. BlackRock Inc. boosted its position in shares of RealPage by 0.7% during the first quarter. BlackRock Inc. now owns 3,825,891 shares of the software maker’s stock worth $197,032,000 after acquiring an additional 24,753 shares during the last quarter. Contour Asset Management LLC boosted its position in shares of RealPage by 7.4% during the first quarter. Contour Asset Management LLC now owns 2,018,794 shares of the software maker’s stock worth $103,968,000 after acquiring an additional 139,389 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of RealPage by 17.5% during the second quarter. King Luther Capital Management Corp now owns 1,100,993 shares of the software maker’s stock worth $60,665,000 after acquiring an additional 163,890 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its position in shares of RealPage by 316.2% during the second quarter. Fred Alger Management Inc. now owns 1,006,800 shares of the software maker’s stock worth $55,475,000 after acquiring an additional 764,890 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

A number of brokerages have commented on RP. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Royal Bank of Canada upped their target price on shares of RealPage to $59.00 and gave the company a “sector perform” rating in a report on Friday, May 4th. Morgan Stanley set a $62.00 target price on shares of RealPage and gave the company a “buy” rating in a report on Friday, May 4th. Finally, KeyCorp upped their target price on shares of RealPage from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $63.88.

RealPage Company Profile

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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Insider Buying and Selling by Quarter for RealPage (NASDAQ:RP)

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