RealPage Inc (NASDAQ:RP) Major Shareholder Seren Capital, Ltd. Sells 57,358 Shares

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 57,358 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $52.31, for a total transaction of $3,000,396.98. Following the sale, the insider now owns 17,103,268 shares in the company, valued at $894,671,949.08. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 shares were sold at an average price of $52.68, for a total transaction of $1,438,374.72.
  • On Thursday, March 29th, Seren Capital, Ltd. sold 174,432 shares of RealPage stock. The shares were sold at an average price of $51.40, for a total transaction 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 transaction 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 transaction of $6,699,465.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $2,145,140.95.
  • On Friday, December 22nd, Seren Capital, Ltd. sold 109,709 shares of RealPage stock. The stock was sold at an average price of $44.33, for a total transaction of $4,863,399.97.

Shares of NASDAQ RP traded down $0.75 during midday trading on Friday, reaching $51.35. 198,028 shares of the company’s stock traded hands, compared to its average volume of 408,656. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. RealPage Inc has a one year low of $32.30 and a one year high of $54.95. The company has a market cap of $4,266.88, a PE ratio of 142.64 and a beta of 1.09.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 1,704 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in RealPage during the fourth quarter valued at approximately $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 acquiring an additional 1,018 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in RealPage during the fourth quarter valued at approximately $231,000. Finally, Tiedemann Wealth Management LLC lifted its position in RealPage by 33.7% during the third quarter. Tiedemann Wealth Management LLC now owns 24,080 shares of the software maker’s stock valued at $244,000 after acquiring an additional 6,065 shares during the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. KeyCorp upped their target price on shares of RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Benchmark upped their target price on shares of RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. BidaskClub downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of RealPage in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. RealPage has a consensus rating of “Buy” and a consensus price target of $54.00.

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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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