Seren Capital, Ltd. Sells 312,682 Shares of RealPage Inc (NASDAQ:RP) Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 312,682 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $52.88, for a total value of $16,534,624.16. Following the sale, the insider now directly owns 17,103,268 shares in the company, valued at approximately $904,420,811.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Seren Capital, Ltd. also recently made the following trade(s):

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  • On Tuesday, March 27th, Seren Capital, Ltd. sold 27,304 shares of RealPage stock. The stock was sold at an average price of $52.68, for a total value of $1,438,374.72.
  • On Thursday, March 29th, Seren Capital, Ltd. sold 174,432 shares of RealPage stock. The stock was sold at an average price of $51.40, for a total value of $8,965,804.80.
  • On Monday, March 12th, Seren Capital, Ltd. sold 27,117 shares of RealPage stock. The shares were sold at an average price of $53.37, for a total value of $1,447,234.29.
  • On Thursday, March 8th, Seren Capital, Ltd. sold 126,405 shares of RealPage stock. The shares were sold at an average price of $53.00, for a total value of $6,699,465.00.
  • On Tuesday, March 6th, Seren Capital, Ltd. sold 57,358 shares of RealPage stock. The shares were sold at an average price of $52.31, for a total value of $3,000,396.98.
  • On Wednesday, January 3rd, Seren Capital, Ltd. sold 34,052 shares of RealPage stock. The shares were sold at an average price of $45.19, for a total value of $1,538,809.88.
  • On Friday, January 5th, Seren Capital, Ltd. sold 121,180 shares of RealPage stock. The stock was sold at an average price of $45.52, for a total value of $5,516,113.60.
  • On Wednesday, December 20th, Seren Capital, Ltd. sold 48,065 shares of RealPage stock. The stock was sold at an average price of $44.63, for a total value of $2,145,140.95.
  • On Friday, December 22nd, Seren Capital, Ltd. sold 109,709 shares of RealPage stock. The shares were sold at an average price of $44.33, for a total value of $4,863,399.97.

NASDAQ RP traded down $0.75 on Friday, reaching $51.35. The stock had a trading volume of 189,810 shares, compared to its average volume of 408,656. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. RealPage Inc has a 1 year low of $32.30 and a 1 year high of $54.95. The company has a market capitalization of $4,329.18, a P/E ratio of 142.64 and a beta of 1.09.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The company had revenue of $188.39 million during the quarter, compared to analyst estimates of $186.46 million. equities analysts anticipate that RealPage Inc will post 0.97 EPS for the current year.

RP has been the subject of a number of analyst reports. Royal Bank of Canada restated a “hold” rating and set a $49.00 price objective on shares of RealPage in a research report on Wednesday, January 17th. Stephens lifted their target price on RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, December 29th. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, January 23rd. Deutsche Bank boosted their price objective on RealPage to $60.00 in a research note on Wednesday, February 28th. Finally, Morgan Stanley raised RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $54.00.

Several hedge funds and other institutional investors have recently bought and sold shares of RP. Nationwide Fund Advisors lifted its position in shares of RealPage by 302.2% during the 3rd quarter. Nationwide Fund Advisors now owns 233,675 shares of the software maker’s stock worth $9,324,000 after purchasing an additional 175,571 shares during the last quarter. Principal Financial Group Inc. raised its holdings in RealPage by 10.4% in the 3rd quarter. Principal Financial Group Inc. now owns 36,472 shares of the software maker’s stock valued at $1,456,000 after acquiring an additional 3,422 shares in the last quarter. Swiss National Bank raised its holdings in RealPage by 1.8% in the 3rd quarter. Swiss National Bank now owns 96,800 shares of the software maker’s stock valued at $3,862,000 after acquiring an additional 1,700 shares in the last quarter. Bessemer Group Inc. raised its holdings in RealPage by 28.0% in the 3rd quarter. Bessemer Group Inc. now owns 6,400 shares of the software maker’s stock valued at $255,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in RealPage by 12.2% in the 3rd quarter. Sei Investments Co. now owns 261,839 shares of the software maker’s stock valued at $10,447,000 after acquiring an additional 28,491 shares in the last quarter. 79.85% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for RealPage (NASDAQ:RP)

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