Seren Capital, Ltd. Sells 200,000 Shares of RealPage Inc (RP) Stock

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RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $59.41, for a total value of $11,882,000.00. Following the transaction, the insider now owns 10,007,121 shares of the company’s stock, valued at approximately $594,523,058.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $58.55, for a total value of $8,782,500.00.

Shares of RP stock traded down $0.25 on Friday, reaching $61.16. 14,673 shares of the company’s stock traded hands, compared to its average volume of 729,030. RealPage Inc has a 12-month low of $42.90 and a 12-month high of $66.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 55.59 and a beta of 1.50.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Monday, May 6th. The software maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The business had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.16 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. RealPage’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, sell-side analysts predict that RealPage Inc will post 1.25 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tyers Asset Management LLC lifted its position in shares of RealPage by 450.0% in the first quarter. Tyers Asset Management LLC now owns 1,056 shares of the software maker’s stock worth $64,000 after buying an additional 864 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of RealPage in the first quarter worth about $67,000. Ffcm LLC acquired a new stake in shares of RealPage in the fourth quarter worth about $136,000. Pearl River Capital LLC lifted its position in shares of RealPage by 1,013.6% in the first quarter. Pearl River Capital LLC now owns 2,372 shares of the software maker’s stock worth $144,000 after buying an additional 2,159 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of RealPage in the first quarter worth about $158,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

RP has been the subject of a number of analyst reports. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 5th. TheStreet upgraded RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. Morgan Stanley reduced their price objective on RealPage from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, February 27th. William Blair restated an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. Finally, DA Davidson started coverage on RealPage in a research report on Thursday, March 28th. They set a “neutral” rating and a $60.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target 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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