RealPage Inc (NASDAQ:RP) CFO Sells $375,200.00 in Stock

RealPage Inc (NASDAQ:RP) CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $46.90, for a total transaction of $375,200.00. Following the sale, the chief financial officer now directly owns 174,475 shares of the company’s stock, valued at approximately $8,182,877.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

W Bryan Hill also recently made the following trade(s):

  • On Wednesday, December 13th, W Bryan Hill sold 8,000 shares of RealPage stock. The shares were sold at an average price of $44.36, for a total transaction of $354,880.00.
  • On Wednesday, November 29th, W Bryan Hill sold 8,000 shares of RealPage stock. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00.

Shares of RealPage Inc (NASDAQ RP) opened at $48.95 on Friday. RealPage Inc has a twelve month low of $31.26 and a twelve month high of $51.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4,056.93, a P/E ratio of 89.00 and a beta of 1.13.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. research analysts forecast that RealPage Inc will post 0.57 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in RealPage by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 257,381 shares of the software maker’s stock valued at $9,252,000 after acquiring an additional 4,565 shares during the period. Legal & General Group Plc increased its position in RealPage by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 21,858 shares of the software maker’s stock valued at $786,000 after acquiring an additional 841 shares during the period. BNP Paribas Arbitrage SA increased its position in RealPage by 629.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,170 shares of the software maker’s stock valued at $294,000 after acquiring an additional 7,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares during the period. Finally, Principal Financial Group Inc. increased its position in RealPage by 146.4% in the 2nd quarter. Principal Financial Group Inc. now owns 33,050 shares of the software maker’s stock valued at $1,189,000 after acquiring an additional 19,637 shares during the period. Institutional investors and hedge funds own 73.71% of the company’s stock.

A number of research firms have issued reports on RP. Morgan Stanley raised shares of RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a report on Tuesday, January 30th. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 price target on shares of RealPage in a report on Wednesday, January 17th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Stephens upped their price target on shares of RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. RealPage presently has a consensus rating of “Buy” and an average target price of $49.25.

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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)

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