Stephen T. Winn Sells 159,600 Shares of RealPage, Inc. (NASDAQ:RP) Stock
RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 159,600 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $38.98, for a total value of $6,221,208.00. Following the completion of the transaction, the chairman now owns 3,352,600 shares of the company’s stock, valued at approximately $130,684,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of RealPage, Inc. (NASDAQ:RP) traded up 4.86% on Friday, hitting $39.90. The stock had a trading volume of 824,998 shares. The company’s 50-day moving average price is $38.20 and its 200 day moving average price is $35.56. The firm has a market cap of $3.15 billion, a P/E ratio of 124.69 and a beta of 1.11. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $43.65.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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RP has been the subject of several research analyst reports. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Royal Bank Of Canada raised their price target on RealPage from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities restated an “outperform” rating and issued a $43.00 price target on shares of RealPage in a research report on Monday, May 15th. Finally, Stephens restated an “overweight” rating and issued a $47.00 price target (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. RealPage presently has a consensus rating of “Hold” and an average target price of $39.83.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage during the first quarter valued at $163,000. Bessemer Group Inc. raised its stake in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of RealPage during the first quarter valued at $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage during the second quarter valued at $209,000. Institutional investors and hedge funds own 67.44% of the company’s stock.
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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