William P. Chaney Sells 5,000 Shares of RealPage, Inc. (RP) Stock
RealPage, Inc. (NASDAQ:RP) EVP William P. Chaney sold 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $41.19, for a total transaction of $205,950.00. Following the completion of the sale, the executive vice president now owns 191,339 shares of the company’s stock, valued at approximately $7,881,253.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
RealPage, Inc. (NASDAQ:RP) opened at 43.30 on Friday. The company’s 50-day moving average is $40.19 and its 200-day moving average is $36.74. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 135.31 and a beta of 1.06.
RealPage (NASDAQ:RP) last issued 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 company had revenue of $161.30 million for 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%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, analysts expect that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on RP shares. Deutsche Bank AG restated a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Royal Bank Of Canada raised their target price on shares of RealPage from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Finally, JMP Securities restated an “outperform” rating and set a $43.00 target price on shares of RealPage in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $39.83.
Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $102,000 after buying an additional 272 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of RealPage during the first quarter worth $163,000. Bessemer Group Inc. increased its position 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 worth $180,000 after buying an additional 100 shares during the period. Gotham Asset Management LLC bought a new position in shares of RealPage during the first quarter worth $200,000. Finally, Bfsg LLC bought a new position in shares of RealPage during the second quarter worth $209,000. 70.49% of the stock is currently owned by institutional investors.
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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