RealPage Inc (RP) Major Shareholder Seren Capital, Ltd. Sells 200,000 Shares

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RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $59.41, for a total value of $11,882,000.00. Following the completion of the sale, the insider now owns 10,007,121 shares in the company, valued at $594,523,058.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Tuesday, May 7th, Seren Capital, Ltd. sold 200,000 shares of RealPage stock. The stock was sold at an average price of $59.90, for a total value of $11,980,000.00.
  • On Thursday, March 28th, Seren Capital, Ltd. sold 200,000 shares of RealPage stock. The stock was sold at an average price of $60.80, for a total value of $12,160,000.00.
  • On Wednesday, March 20th, Seren Capital, Ltd. sold 200,000 shares of RealPage stock. The stock was sold at an average price of $62.07, for a total value of $12,414,000.00.
  • On Wednesday, March 6th, Seren Capital, Ltd. sold 150,000 shares of RealPage stock. The stock was sold at an average price of $58.55, for a total value of $8,782,500.00.

RP traded up $1.36 during trading on Thursday, hitting $61.41. 958,000 shares of the stock were exchanged, compared to its average volume of 689,019. The company has a market capitalization of $5.49 billion, a P/E ratio of 55.83 and a beta of 1.50. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $66.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.16 million. RealPage had a return on equity of 9.48% and a net margin of 3.89%. RealPage’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Equities analysts anticipate that RealPage Inc will post 1.25 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RP. Frontier Capital Management Co. LLC increased its holdings in shares of RealPage by 85.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 390,680 shares of the software maker’s stock valued at $18,827,000 after acquiring an additional 179,650 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of RealPage by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock valued at $18,237,000 after acquiring an additional 24,246 shares during the period. Amalgamated Bank increased its holdings in shares of RealPage by 63.8% in the 4th quarter. Amalgamated Bank now owns 15,947 shares of the software maker’s stock valued at $768,000 after acquiring an additional 6,209 shares during the period. Southside Capital LLC purchased a new position in shares of RealPage in the 4th quarter valued at $5,511,000. Finally, Hsbc Holdings PLC purchased a new position in shares of RealPage in the 4th quarter valued at $846,000. Institutional investors own 87.78% of the company’s stock.

Several brokerages have recently weighed in on RP. ValuEngine downgraded RealPage from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. William Blair reiterated an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. DA Davidson began coverage on RealPage in a report on Thursday, March 28th. They issued a “neutral” rating and a $60.00 price target on the stock. Finally, Morgan Stanley reduced their price target on RealPage from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. RealPage has a consensus rating of “Buy” and an average target price of $66.33.

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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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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

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