Insider Selling: RealPage Inc (RP) EVP Sells 10,000 Shares of Stock

RealPage Inc (NASDAQ:RP) EVP William P. Chaney sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $60.67, for a total transaction of $606,700.00. Following the completion of the sale, the executive vice president now owns 131,631 shares in the company, valued at approximately $7,986,052.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

RP traded up $0.38 on Friday, hitting $61.35. The company’s stock had a trading volume of 566,181 shares, compared to its average volume of 713,076. The company has a market cap of $5.71 billion, a PE ratio of 55.77 and a beta of 1.51. 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 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.55.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Monday, February 25th. The software maker reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $226.97 million during the quarter, compared to the consensus estimate of $229.23 million. RealPage had a net margin of 3.99% and a return on equity of 10.59%. RealPage’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Research analysts forecast that RealPage Inc will post 1.24 earnings per share for the current fiscal year.



A number of equities research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of 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 reaffirmed an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. TheStreet raised shares of RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. Finally, BidaskClub downgraded shares of RealPage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 27th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. RealPage has an average rating of “Buy” and a consensus price target of $65.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC grew its holdings in RealPage by 85.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 390,680 shares of the software maker’s stock worth $18,827,000 after acquiring an additional 179,650 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of RealPage by 19.5% during the third quarter. Loomis Sayles & Co. L P now owns 584,415 shares of the software maker’s stock worth $38,513,000 after buying an additional 95,217 shares in the last quarter. Parametrica Management Ltd acquired a new stake in shares of RealPage in the third quarter valued at approximately $210,000. Southside Capital LLC acquired a new stake in shares of RealPage in the fourth quarter valued at approximately $5,511,000. Finally, Stevens Capital Management LP acquired a new stake in shares of RealPage in the fourth quarter valued at approximately $864,000. 86.46% of the stock is owned by institutional investors.

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

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