RealPage Inc (NASDAQ:RP) Chairman Stephen T. Winn Sells 200,000 Shares

RealPage Inc (NASDAQ:RP) Chairman Stephen T. Winn sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $62.92, for a total transaction of $12,584,000.00. Following the sale, the chairman now owns 1,210,873 shares of the company’s stock, valued at approximately $76,188,129.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ:RP traded up $0.27 during mid-day trading on Friday, reaching $64.48. 82,965 shares of the company were exchanged, compared to its average volume of 738,990. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 58.62 and a beta of 1.31. The firm’s 50-day simple moving average is $62.46 and its 200 day simple moving average is $60.82. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $66.25.

RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.14. The firm had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $243.21 million. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, research analysts forecast that RealPage Inc will post 1.25 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of RP. CWM LLC raised its stake in RealPage by 931.6% during the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after acquiring an additional 531 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in RealPage during the 1st quarter worth $67,000. FTB Advisors Inc. raised its stake in RealPage by 487.8% during the 2nd quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock worth $65,000 after acquiring an additional 922 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in RealPage by 242.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in RealPage during the 2nd quarter worth $113,000. 90.33% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. KeyCorp assumed coverage on shares of RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on shares of RealPage in a research report on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price objective for the company. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Finally, ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. RealPage has an average rating of “Buy” and an average price target of $66.67.

RealPage Company Profile

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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