Stephen T. Winn Sells 421,000 Shares of RealPage, Inc. (RP) Stock
RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 421,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $45.41, for a total value of $19,117,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Stephen T. Winn also recently made the following trade(s):
- On Tuesday, November 28th, Stephen T. Winn sold 113,759 shares of RealPage stock. The shares were sold at an average price of $45.34, for a total value of $5,157,833.06.
RealPage, Inc. (RP) traded down $0.40 on Friday, hitting $44.95. The company had a trading volume of 706,135 shares, compared to its average volume of 529,475. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3,758.58, a price-to-earnings ratio of 82.46 and a beta of 1.08. RealPage, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $46.80.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. research analysts forecast that RealPage, Inc. will post 0.57 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RealPage by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares during the last quarter. Bessemer Group Inc. lifted its position in RealPage by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares during the period. Ameritas Investment Partners Inc. lifted its position in RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after buying an additional 485 shares during the period. Breton Hill Capital Ltd. purchased a new position in RealPage during the third quarter worth about $228,000. Finally, Bfsg LLC purchased a new position in RealPage during the second quarter worth about $209,000. 73.61% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on RP. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th. Morgan Stanley began coverage on RealPage in a research note on Monday, November 20th. They set an “equal weight” rating and a $48.00 price objective on the stock. Benchmark increased their price objective on RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 price objective on shares of RealPage in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. RealPage currently has an average rating of “Buy” and a consensus price target of $46.57.
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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