RealPage, Inc. (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $40.95, for a total transaction of $3,921,372.00. Following the sale, the insider now directly owns 18,390,456 shares in the company, valued at $753,089,173.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, August 28th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The shares were sold at an average price of $40.79, for a total transaction of $1,953,025.20.
  • On Wednesday, August 9th, Seren Capital, Ltd. sold 47,880 shares of RealPage stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $36.95, for a total transaction of $3,538,332.00.
  • On Wednesday, June 14th, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.93, for a total transaction of $3,344,896.80.
  • On Thursday, June 1st, Seren Capital, Ltd. sold 95,760 shares of RealPage stock. The shares were sold at an average price of $34.21, for a total transaction of $3,275,949.60.

Shares of RealPage, Inc. (NASDAQ RP) opened at 43.10 on Friday. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $43.65. The firm has a 50-day moving average of $40.01 and a 200 day moving average of $36.67. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 134.69 and a beta of 1.11.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. During the same period last year, the firm posted $0.18 EPS. RealPage’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/seren-capital-ltd-sells-95760-shares-of-realpage-inc-rp-stock/1535307.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of RealPage by 549.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,307 shares of the software maker’s stock valued at $2,739,000 after buying an additional 77,246 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after buying an additional 948 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of RealPage by 94.3% in the first quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after buying an additional 114,737 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of RealPage by 11.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 45,954 shares of the software maker’s stock valued at $1,604,000 after buying an additional 4,670 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of RealPage by 21.6% in the first quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after buying an additional 29,468 shares during the last quarter. 70.49% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on RP shares. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of RealPage in a report on Tuesday, July 18th. JMP Securities reissued an “outperform” rating and set a $43.00 price objective on shares of RealPage in a report on Friday, May 5th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $38.00 price target on shares of RealPage in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. RealPage has an average rating of “Hold” and a consensus price target of $39.83.

About RealPage

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)

Receive News & Ratings for RealPage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.