Stephen T. Winn Sells 110,854 Shares of RealPage Inc (NASDAQ:RP) Stock

RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 110,854 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $60.98, for a total transaction of $6,759,876.92. Following the completion of the transaction, the chief executive officer now owns 1,945,439 shares of the company’s stock, valued at $118,632,870.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:RP traded up $0.55 during midday trading on Thursday, reaching $59.90. 573,868 shares of the company’s stock were exchanged, compared to its average volume of 572,696. RealPage Inc has a fifty-two week low of $33.85 and a fifty-two week high of $61.95. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 166.39 and a beta of 1.13. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, May 3rd. The software maker reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. RealPage had a return on equity of 11.01% and a net margin of 0.43%. The company had revenue of $201.61 million during the quarter, compared to analysts’ expectations of $201.09 million. During the same period last year, the business posted $0.22 EPS. RealPage’s revenue for the quarter was up 31.2% on a year-over-year basis. equities research analysts predict that RealPage Inc will post 1.05 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on RP shares. BidaskClub upgraded shares of RealPage from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Deutsche Bank increased their price objective on RealPage to $60.00 in a research note on Wednesday, February 28th. TheStreet downgraded RealPage from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Benchmark raised their target price on RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of RealPage in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.14.

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of RealPage by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,906 shares of the software maker’s stock valued at $459,000 after buying an additional 866 shares during the period. Denver Investment Advisors LLC boosted its stake in shares of RealPage by 6.7% in the 1st quarter. Denver Investment Advisors LLC now owns 15,441 shares of the software maker’s stock valued at $795,000 after buying an additional 963 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 buying an additional 1,018 shares during the period. Quantitative Systematic Strategies LLC boosted its stake in shares of RealPage by 22.4% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 5,775 shares of the software maker’s stock valued at $297,000 after buying an additional 1,055 shares during the period. Finally, Fred Alger Management Inc. boosted its stake in shares of 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 buying an additional 1,391 shares during the period. Institutional investors own 79.37% 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.

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

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