RealPage, Inc. (RP) Major Shareholder Seren Capital, Ltd. Sells 186,246 Shares

RealPage, Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 186,246 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $40.20, for a total transaction of $7,487,089.20. Following the sale, the insider now directly owns 18,139,354 shares in the company, valued at approximately $729,202,030.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major 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, September 6th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $41.73, for a total transaction of $1,998,032.40.
  • On Thursday, September 7th, Seren Capital, Ltd. sold 98,160 shares of RealPage stock. The stock was sold at an average price of $41.55, for a total transaction of $4,078,548.00.
  • On Monday, August 28th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $40.79, for a total transaction of $1,953,025.20.
  • On Tuesday, August 29th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $40.95, for a total transaction of $3,921,372.00.
  • On Wednesday, August 9th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $39.43, for a total transaction of $1,887,908.40.
  • On Thursday, August 10th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $38.98, for a total transaction of $3,732,724.80.
  • On Monday, June 26th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The stock was sold at an average price of $37.17, for a total transaction of $1,779,699.60.
  • On Tuesday, June 27th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The stock was sold at an average price of $36.95, for a total transaction of $3,538,332.00.

Shares of RealPage, Inc. (RP) traded down 1.99% during mid-day trading on Friday, reaching $39.35. 707,569 shares of the company traded hands. The company has a market capitalization of $3.11 billion, a P/E ratio of 122.97 and a beta of 1.06. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The firm’s 50 day moving average price is $40.74 and its 200-day moving average price is $37.16.

RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. RealPage’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. Equities analysts predict that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors raised its position in shares of RealPage by 1.7% in the 1st quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after purchasing an additional 948 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of RealPage by 94.3% in the 1st quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after purchasing an additional 114,737 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of RealPage by 21.6% in the 1st quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after purchasing an additional 29,468 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of RealPage in the 1st quarter valued at approximately $244,000. Finally, Swiss National Bank raised its position in shares of RealPage by 1.3% in the 1st quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.

RP has been the topic of several analyst reports. BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 target price on shares of RealPage in a report on Monday. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price on the stock. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of RealPage in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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.

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

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