RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 187,866 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $61.68, for a total value of $11,587,574.88. Following the sale, the insider now directly owns 15,051,190 shares of the company’s stock, valued at approximately $928,357,399.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, September 10th, Seren Capital, Ltd. sold 132,606 shares of RealPage stock. The stock was sold at an average price of $61.65, for a total value of $8,175,159.90.
  • 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 value of $6,851,749.50.
  • On Wednesday, August 29th, Seren Capital, Ltd. sold 296,980 shares of RealPage stock. The stock was sold at an average price of $61.05, for a total value of $18,130,629.00.
  • 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 value 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 value of $27,058,054.26.

NASDAQ:RP traded up $0.20 during midday trading on Wednesday, reaching $62.20. The company had a trading volume of 323,600 shares, compared to its average volume of 623,648. The firm has a market cap of $5.73 billion, a PE ratio of 172.22 and a beta of 1.15. RealPage Inc has a 12-month low of $38.40 and a 12-month high of $63.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

RealPage (NASDAQ:RP) last released its earnings results 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. The firm had revenue of $216.36 million during the quarter, compared to analyst estimates of $215.14 million. RealPage had a return on equity of 10.56% and a net margin of 0.69%. RealPage’s revenue was up 33.3% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. equities analysts forecast that RealPage Inc will post 1.03 EPS for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. KeyCorp raised their price target on RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Royal Bank of Canada raised their price target on RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on RealPage in a research report on Thursday, June 21st. They set an “overweight” rating and a $76.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.88.

A number of large investors have recently added to or reduced their stakes in RP. Next Century Growth Investors LLC purchased a new position in RealPage in the first quarter valued at $143,000. Mount Yale Investment Advisors LLC purchased a new position in RealPage in the first quarter valued at $164,000. First Manhattan Co. boosted its holdings in RealPage by 78.9% in the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after purchasing an additional 1,500 shares during the period. Engineers Gate Manager LP purchased a new position in RealPage in the second quarter valued at $204,000. Finally, GSA Capital Partners LLP purchased a new position in RealPage in the first quarter valued at $208,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

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

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