RealPage, Inc. (NASDAQ:RP) Chairman Stephen T. Winn sold 314,335 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $43.57, for a total value of $13,695,575.95. Following the completion of the transaction, the chairman now owns 2,766,870 shares in the company, valued at approximately $120,552,525.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of RealPage, Inc. (RP) opened at $44.05 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. RealPage, Inc. has a 52-week low of $28.00 and a 52-week high of $45.10. The stock has a market capitalization of $3,638.41, a price-to-earnings ratio of 79.82 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The business had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. During the same period last year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. equities analysts predict that RealPage, Inc. will post 0.57 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings 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 acquiring an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in RealPage by 0.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after buying an additional 100 shares during the period. Martingale Asset Management L P boosted its stake in RealPage by 1.4% during the second quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock valued at $260,000 after buying an additional 100 shares during the period. Renaissance Group LLC boosted its stake in RealPage by 2.4% during the second quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock valued at $339,000 after buying an additional 218 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in RealPage by 10.6% during the second 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 last quarter. 70.14% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on RP. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $42.00 price target (up previously from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stephens reissued an “overweight” rating and issued a $47.00 price objective (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 10th. Finally, Deutsche Bank AG increased their price objective on RealPage from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.33.
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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