RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 310,411 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total transaction of $12,478,522.20. Following the completion of the sale, the chairman now owns 3,050,264 shares in the company, valued at approximately $122,620,612.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
RealPage, Inc. (NASDAQ RP) traded down 1.99% during mid-day trading on Friday, reaching $39.35. 707,569 shares of the company traded hands. RealPage, Inc. has a 52 week low of $23.69 and a 52 week high of $43.65. The stock’s 50 day moving average price is $40.74 and its 200 day moving average price is $37.16. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 122.97 and a beta of 1.06.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. RealPage’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. Equities analysts forecast that RealPage, Inc. will post $0.93 EPS for the current year.
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Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of RealPage by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after purchasing an additional 272 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of RealPage during the 1st quarter worth $163,000. Bessemer Group Inc. grew its stake in shares of RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares during the period. Gotham Asset Management LLC acquired a new position in shares of RealPage during the 1st quarter worth $200,000. Finally, Bfsg LLC acquired a new position in shares of RealPage during the 2nd quarter worth $209,000. Institutional investors own 70.49% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of RealPage from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Deutsche Bank AG restated a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and set a $38.00 price target on shares of RealPage in a research report on Monday, July 24th. Finally, Stephens restated an “overweight” rating and set a $47.00 price target (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $41.29.
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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