Stephen T. Winn Sells 50,000 Shares of RealPage Inc (NASDAQ:RP) Stock

RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 50,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $62.85, for a total value of $3,142,500.00. Following the sale, the chief executive officer now owns 1,210,873 shares of the company’s stock, valued at $76,103,368.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of RP stock traded up $0.94 on Friday, reaching $62.10. The stock had a trading volume of 315,025 shares, compared to its average volume of 423,718. The stock has a market cap of $5.84 billion, a P/E ratio of 56.45 and a beta of 1.31. RealPage Inc has a 1 year low of $42.90 and a 1 year high of $65.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day simple moving average of $62.80 and a 200 day simple moving average of $61.58.

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

A number of research analysts have commented on the company. Keefe, Bruyette & Woods assumed coverage on RealPage in a research report on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price target for the company. KeyCorp started coverage on RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price target for the company. Craig Hallum started coverage on RealPage in a research report on Thursday, August 29th. They issued a “buy” rating and a $83.00 target price for the company. Zacks Investment Research downgraded RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, BidaskClub downgraded RealPage from a “buy” rating to a “hold” rating in a research note on Saturday, September 7th. Four 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 a consensus target price of $69.00.

A number of institutional investors have recently made changes to their positions in RP. Dimensional Fund Advisors LP raised its holdings in RealPage by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 378,440 shares of the software maker’s stock worth $18,237,000 after purchasing an additional 24,246 shares during the period. Geode Capital Management LLC raised its holdings in RealPage by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 725,638 shares of the software maker’s stock valued at $34,968,000 after acquiring an additional 45,662 shares during the period. BNP Paribas Arbitrage SA raised its holdings in RealPage by 6.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after acquiring an additional 261 shares during the period. Victory Capital Management Inc. raised its holdings in RealPage by 5,831.2% during the first quarter. Victory Capital Management Inc. now owns 41,222 shares of the software maker’s stock valued at $2,502,000 after acquiring an additional 40,527 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in RealPage by 34.1% during the first quarter. New York State Common Retirement Fund now owns 314,241 shares of the software maker’s stock valued at $19,071,000 after acquiring an additional 79,899 shares during the period. 90.40% of the stock is currently owned by institutional investors.

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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