RealPage Inc (RP) Major Shareholder Seren Capital, Ltd. Sells 476,962 Shares

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 476,962 shares of RealPage stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $56.73, for a total transaction of $27,058,054.26. Following the transaction, the insider now directly owns 15,775,563 shares in the company, valued at $894,947,688.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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):

  • On Wednesday, June 20th, Seren Capital, Ltd. sold 134,362 shares of RealPage stock. The shares were sold at an average price of $58.51, for a total transaction of $7,861,520.62.
  • On Tuesday, June 5th, Seren Capital, Ltd. sold 166,280 shares of RealPage stock. The shares were sold at an average price of $60.98, for a total transaction of $10,139,754.40.
  • On Thursday, June 7th, Seren Capital, Ltd. sold 451,676 shares of RealPage stock. The shares were sold at an average price of $59.24, for a total transaction of $26,757,286.24.
  • On Monday, May 21st, Seren Capital, Ltd. sold 45,111 shares of RealPage stock. The shares were sold at an average price of $59.48, for a total transaction of $2,683,202.28.
  • On Wednesday, May 9th, Seren Capital, Ltd. sold 119,484 shares of RealPage stock. The shares were sold at an average price of $60.37, for a total transaction of $7,213,249.08.
  • On Friday, May 11th, Seren Capital, Ltd. sold 279,167 shares of RealPage stock. The shares were sold at an average price of $60.53, for a total transaction of $16,897,978.51.
  • 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.

NASDAQ RP opened at $54.95 on Monday. RealPage Inc has a 52 week low of $35.00 and a 52 week high of $61.95. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $4.79 billion, a PE ratio of 152.64 and a beta of 1.13.

RealPage (NASDAQ:RP) last posted its earnings results on Thursday, May 3rd. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. RealPage had a net margin of 0.43% and a return on equity of 11.01%. The business had revenue of $201.61 million for the quarter, compared to analysts’ expectations of $201.09 million. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. equities research analysts anticipate that RealPage Inc will post 1.03 earnings per share for the current year.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Royal Bank of Canada boosted their target price on shares of RealPage to $59.00 and gave the stock a “sector perform” rating in a research report on Friday, May 4th. Morgan Stanley set a $62.00 target price on shares of RealPage and gave the stock a “buy” rating in a research report on Friday, May 4th. Benchmark boosted their target price on shares of RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research raised shares of RealPage from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of RealPage by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 8,906 shares of the software maker’s stock worth $459,000 after buying an additional 866 shares during the last quarter. Denver Investment Advisors LLC increased its stake in shares of RealPage by 6.7% in the first quarter. Denver Investment Advisors LLC now owns 15,441 shares of the software maker’s stock worth $795,000 after buying an additional 963 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of RealPage by 35.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock worth $171,000 after buying an additional 1,018 shares during the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of RealPage by 22.4% in the first quarter. Quantitative Systematic Strategies LLC now owns 5,775 shares of the software maker’s stock worth $297,000 after buying an additional 1,055 shares during the last quarter. Finally, Fred Alger Management Inc. increased its stake in shares of RealPage by 1.1% in the fourth quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock worth $5,445,000 after buying an additional 1,391 shares during the last quarter. 79.37% of the stock is currently owned by institutional investors and hedge funds.

RealPage Company Profile

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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

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