RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 15,818 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $53.37, for a total transaction of $844,206.66. Following the completion of the transaction, the chief executive officer now owns 2,550,047 shares in the company, valued at approximately $136,096,008.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of RealPage Inc (RP) opened at $53.35 on Friday. The firm has a market cap of $4,395.65, a price-to-earnings ratio of 97.96 and a beta of 1.04. RealPage Inc has a fifty-two week low of $32.30 and a fifty-two week high of $54.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $188.39 million during the quarter, compared to the consensus estimate of $186.46 million. RealPage had a net margin of 0.06% and a return on equity of 8.97%. equities analysts expect that RealPage Inc will post 0.97 EPS for the current year.
Several brokerages have recently issued reports on RP. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. KeyCorp raised their target price on shares of RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Benchmark raised their target price on shares of RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Morgan Stanley began coverage on shares of RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $54.00.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in RealPage by 210.9% during the fourth quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after buying an additional 1,704 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in RealPage during the fourth quarter valued at $162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in RealPage by 35.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares during the period. Xact Kapitalforvaltning AB purchased a new position in RealPage during the fourth quarter valued at $231,000. Finally, Bessemer Group Inc. lifted its position in RealPage by 28.0% during the third quarter. Bessemer Group Inc. now owns 6,400 shares of the software maker’s stock valued at $255,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.
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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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