Ashley Chaffin Glover Sells 10,000 Shares of RealPage Inc (RP) Stock
RealPage Inc (NASDAQ:RP) EVP Ashley Chaffin Glover sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $44.30, for a total transaction of $443,000.00. Following the sale, the executive vice president now owns 83,854 shares of the company’s stock, valued at $3,714,732.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
RealPage Inc (NASDAQ RP) opened at $45.55 on Friday. RealPage Inc has a 1-year low of $28.00 and a 1-year high of $46.80. The company has a market cap of $3,650.84, a PE ratio of 80.09 and a beta of 1.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The business had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 14.9% on a year-over-year basis. equities research analysts forecast that RealPage Inc will post 0.57 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on RP. BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley began coverage on shares of RealPage in a research report on Monday, November 20th. They set an “equal weight” rating and a $48.00 price objective for the company. Zacks Investment Research downgraded shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Benchmark boosted their price objective on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. RealPage has a consensus rating of “Hold” and an average target price of $46.57.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in shares of RealPage by 41.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 227,560 shares of the software maker’s stock valued at $9,080,000 after buying an additional 66,420 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of RealPage by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock valued at $2,180,000 after buying an additional 7,454 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of RealPage during the 3rd quarter valued at about $1,717,000. California Public Employees Retirement System raised its position in shares of RealPage by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 185,810 shares of the software maker’s stock valued at $7,414,000 after buying an additional 12,610 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of RealPage by 49.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 182,100 shares of the software maker’s stock valued at $7,266,000 after buying an additional 60,500 shares in the last quarter. 73.64% of the stock is owned by institutional investors and hedge funds.
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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