RealPage Inc (NASDAQ:RP) CEO Sells $6,321,000.00 in Stock

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RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $63.21, for a total value of $6,321,000.00. Following the completion of the sale, the chief executive officer now owns 1,086,819 shares of the company’s stock, valued at $68,697,828.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ RP traded up $2.00 during midday trading on Friday, hitting $56.96. 868,440 shares of the company’s stock were exchanged, compared to its average volume of 638,174. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. RealPage Inc has a twelve month low of $40.97 and a twelve month high of $66.25. The firm has a market capitalization of $6.18 billion, a PE ratio of 158.22 and a beta of 1.11.

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

Several hedge funds and other institutional investors have recently modified their holdings of RP. Capital Insight Partners LLC purchased a new position in shares of RealPage in the 3rd quarter valued at approximately $1,184,000. United Services Automobile Association boosted its stake in shares of RealPage by 23.2% in the second quarter. United Services Automobile Association now owns 11,162 shares of the software maker’s stock valued at $615,000 after buying an additional 2,101 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of RealPage by 13.5% in the second quarter. Public Employees Retirement System of Ohio now owns 238,576 shares of the software maker’s stock valued at $13,146,000 after buying an additional 28,392 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of RealPage in the second quarter valued at approximately $1,828,000. Finally, Millennium Management LLC boosted its stake in shares of RealPage by 10,937.8% in the second quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock valued at $44,336,000 after buying an additional 797,364 shares in the last quarter. 81.11% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on RP. BidaskClub cut RealPage from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. assumed coverage on RealPage in a research report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 price target (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Finally, Royal Bank of Canada increased their price target on RealPage to $64.00 and gave the company a “sector perform” rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $64.63.

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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