RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 61,681 shares of RealPage stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.60, for a total transaction of $3,799,549.60. Following the transaction, the chief executive officer now owns 1,210,873 shares in the company, valued at approximately $74,589,776.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of RealPage stock traded up $0.91 on Thursday, hitting $64.42. 1,745 shares of the company’s stock were exchanged, compared to its average volume of 423,806. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $66.25. The company has a 50-day simple moving average of $62.22 and a 200-day simple moving average of $61.35. The stock has a market capitalization of $5.90 billion, a PE ratio of 58.48 and a beta of 1.33.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The company had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $243.21 million. During the same quarter in the previous year, the company earned $0.37 EPS. RealPage’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that RealPage Inc will post 1.25 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of RealPage by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,086,854 shares of the software maker’s stock valued at $417,061,000 after buying an additional 31,046 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of RealPage by 5.6% during the 2nd quarter. Janus Henderson Group PLC now owns 4,158,829 shares of the software maker’s stock valued at $244,747,000 after buying an additional 221,355 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of RealPage by 25.2% during the 1st quarter. American Century Companies Inc. now owns 3,441,416 shares of the software maker’s stock valued at $208,860,000 after buying an additional 692,342 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of RealPage by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,954,001 shares of the software maker’s stock valued at $179,278,000 after buying an additional 372,878 shares in the last quarter. Finally, Eminence Capital LP purchased a new position in shares of RealPage during the 2nd quarter valued at $151,000,000. Institutional investors own 90.40% of the company’s stock.
Several brokerages have recently weighed in on RP. KeyCorp began coverage on shares of RealPage in a research note on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price target on the stock. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods began coverage on shares of RealPage in a research note on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price target on the stock. ValuEngine cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. RealPage has a consensus rating of “Buy” and an average price target of $69.00.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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