Insider Selling: RealPage Inc (NASDAQ:RP) Major Shareholder Sells 27,117 Shares of Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 27,117 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $53.37, for a total value of $1,447,234.29. Following the transaction, the insider now directly owns 17,103,268 shares of the company’s stock, valued at $912,801,413.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 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, March 14th, Seren Capital, Ltd. sold 312,682 shares of RealPage stock. The shares were sold at an average price of $52.88, for a total value of $16,534,624.16.
  • 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 shares were 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 shares were 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.

RP traded down $0.75 on Friday, hitting $51.35. 198,028 shares of the company traded hands, compared to its average volume of 408,656. The company has a market cap of $4,266.88, a PE ratio of 142.64 and a beta of 1.09. RealPage Inc has a 12-month low of $32.30 and a 12-month 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 issued its earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $188.39 million for the quarter, compared to analysts’ expectations of $186.46 million. RealPage had a return on equity of 8.97% and a net margin of 0.06%. sell-side analysts expect that RealPage Inc will post 0.97 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,018 shares in the last quarter. Bfsg LLC increased its stake in RealPage by 21.2% in the 4th quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock valued at $327,000 after purchasing an additional 1,291 shares in the last quarter. Fred Alger Management Inc. increased its stake in RealPage by 1.1% in the 4th quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock valued at $5,445,000 after purchasing an additional 1,391 shares in the last quarter. Bessemer Group Inc. increased its stake 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 purchasing an additional 1,400 shares in the last quarter. Finally, Swiss National Bank increased its stake 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 purchasing an additional 1,700 shares in the last quarter. 79.85% of the stock is owned by institutional investors and hedge funds.

RP has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of RealPage in a research report on Wednesday, January 17th. Stephens upped their price objective 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 price objective for the company in a research note on Tuesday, January 23rd. Deutsche Bank upped 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 for the company in a research note on Tuesday, January 30th. One 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. RealPage presently has a consensus rating of “Buy” and a consensus price target of $54.00.

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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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