RealPage Inc (RP) Chairman Sells $14,943,008.00 in Stock

RealPage Inc (NASDAQ:RP) Chairman Stephen T. Winn sold 290,720 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $51.40, for a total value of $14,943,008.00. Following the sale, the chairman now owns 2,392,534 shares in the company, valued at approximately $122,976,247.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ RP opened at $51.50 on Friday. The company has a market capitalization of $4,279.34, a P/E ratio of 143.06 and a beta of 1.04. RealPage Inc has a 52 week low of $32.30 and a 52 week high of $54.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93.

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RealPage (NASDAQ:RP) last announced its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $188.39 million during the quarter, compared to the consensus estimate of $186.46 million. RealPage had a net margin of 0.06% and a return on equity of 8.97%. equities analysts forecast that RealPage Inc will post 0.97 earnings per share for the current year.

Several research firms have issued reports on RP. Zacks Investment Research downgraded RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. KeyCorp boosted their price objective on RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Benchmark upped their target price on RealPage from $51.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 target price on shares of RealPage in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.00.

Several hedge funds and other institutional investors have recently made changes to their positions in RP. Carillon Tower Advisers Inc. bought a new stake in RealPage during the fourth quarter worth approximately $69,482,000. Contour Asset Management LLC boosted its position in RealPage by 45.1% during the fourth quarter. Contour Asset Management LLC now owns 1,879,405 shares of the software maker’s stock worth $83,258,000 after purchasing an additional 583,958 shares during the period. King Luther Capital Management Corp boosted its position in RealPage by 224.8% during the fourth quarter. King Luther Capital Management Corp now owns 835,001 shares of the software maker’s stock worth $36,991,000 after purchasing an additional 577,928 shares during the period. TimesSquare Capital Management LLC boosted its position in RealPage by 265.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 694,535 shares of the software maker’s stock worth $30,768,000 after purchasing an additional 504,625 shares during the period. Finally, Millennium Management LLC boosted its position in RealPage by 1,316.9% during the fourth quarter. Millennium Management LLC now owns 277,289 shares of the software maker’s stock worth $12,284,000 after purchasing an additional 257,719 shares during the period. 79.85% of the stock is owned by institutional investors and hedge funds.

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RealPage Company Profile

RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.

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

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