RealPage Inc (RP) Director Sells $290,200.00 in Stock

RealPage Inc (NASDAQ:RP) Director Alfred R. Berkeley III sold 5,000 shares of RealPage stock in a transaction on Friday, March 8th. The shares were sold at an average price of $58.04, for a total value of $290,200.00. Following the transaction, the director now owns 25,881 shares of the company’s stock, valued at approximately $1,502,133.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RealPage stock opened at $60.97 on Friday. The firm has a market cap of $5.71 billion, a P/E ratio of 55.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.31 and a quick ratio of 1.31. RealPage Inc has a one year low of $42.90 and a one year high of $66.25.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Monday, February 25th. The software maker reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $226.97 million during the quarter, compared to analysts’ expectations of $229.23 million. RealPage had a return on equity of 10.59% and a net margin of 3.99%. RealPage’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. As a group, research analysts anticipate that RealPage Inc will post 1.24 earnings per share for the current year.

RP has been the subject of several recent analyst reports. TheStreet upgraded RealPage from a “c” rating to a “b-” rating in a research note on Monday, February 25th. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded RealPage from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Royal Bank of Canada upgraded RealPage from a “sector perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Wednesday, November 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $65.80.

A number of institutional investors have recently bought and sold shares of the stock. Comerica Bank bought a new position in shares of RealPage in the third quarter worth about $1,723,000. American Century Companies Inc. boosted its stake in shares of RealPage by 169.4% in the third quarter. American Century Companies Inc. now owns 711,509 shares of the software maker’s stock worth $46,888,000 after acquiring an additional 447,414 shares during the period. Dupont Capital Management Corp bought a new position in shares of RealPage in the third quarter worth about $720,000. Parametrica Management Ltd bought a new position in shares of RealPage in the third quarter worth about $210,000. Finally, MML Investors Services LLC bought a new position in shares of RealPage in the third quarter worth about $476,000. Institutional investors own 86.46% of the company’s stock.

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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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