RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 200,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $62.32, for a total value of $12,464,000.00. Following the completion of the sale, the insider now owns 14,850,150 shares of the company’s stock, valued at $925,461,348. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, September 26th, Seren Capital, Ltd. sold 200,000 shares of RealPage stock. The stock was sold at an average price of $64.63, for a total value of $12,926,000.00.
  • On Monday, September 10th, Seren Capital, Ltd. sold 132,606 shares of RealPage stock. The shares were sold at an average price of $61.65, for a total value of $8,175,159.90.
  • On Wednesday, September 12th, Seren Capital, Ltd. sold 187,866 shares of RealPage stock. The shares were sold at an average price of $61.68, for a total value of $11,587,574.88.
  • On Monday, August 27th, Seren Capital, Ltd. sold 112,786 shares of RealPage stock. The shares were sold at an average price of $60.75, for a total value of $6,851,749.50.
  • On Wednesday, August 29th, Seren Capital, Ltd. sold 296,980 shares of RealPage stock. The shares were sold at an average price of $61.05, for a total value of $18,130,629.00.
  • On Friday, June 22nd, Seren Capital, Ltd. sold 476,962 shares of RealPage stock. The shares were sold at an average price of $56.73, for a total value of $27,058,054.26.

NASDAQ:RP traded up $2.00 during mid-day trading on Friday, reaching $56.96. 868,440 shares of the stock were exchanged, compared to its average volume of 638,174. RealPage Inc has a 1 year low of $40.97 and a 1 year high of $66.25. The company has a market capitalization of $6.18 billion, a PE ratio of 158.22 and a beta of 1.11. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The company had revenue of $216.36 million for the quarter, compared to the consensus estimate of $215.14 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 33.3% on a year-over-year basis. As a group, sell-side analysts anticipate that RealPage Inc will post 1.03 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. BidaskClub lowered RealPage from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. KeyCorp reissued an “overweight” rating and set a $72.00 target price (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Royal Bank of Canada raised their target price on RealPage to $64.00 and gave the stock a “sector perform” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. assumed coverage on RealPage in a research report on Thursday, June 21st. They set an “overweight” rating and a $76.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $64.63.

Institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP boosted its stake in shares of RealPage by 610.5% in the second quarter. Marshall Wace LLP now owns 105,989 shares of the software maker’s stock valued at $5,840,000 after buying an additional 91,072 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in RealPage by 2.9% during the second quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock worth $1,737,000 after purchasing an additional 875 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in RealPage during the second quarter worth $675,000. Frontier Capital Management Co. LLC raised its holdings in RealPage by 63.5% during the second quarter. Frontier Capital Management Co. LLC now owns 345,284 shares of the software maker’s stock worth $19,025,000 after purchasing an additional 134,068 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in RealPage during the second quarter worth $204,000. Hedge funds and other institutional investors own 81.11% of the company’s stock.

About RealPage

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.

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

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