RealPage Inc (RP) Director Alfred R. Berkeley III Sells 5,000 Shares

RealPage Inc (NASDAQ:RP) Director Alfred R. Berkeley III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $58.04, for a total value of $290,200.00. Following the sale, the director now owns 25,881 shares in the company, valued at $1,502,133.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:RP opened at $60.97 on Friday. RealPage Inc has a 52-week low of $42.90 and a 52-week high of $66.25. The company has a market capitalization of $5.71 billion, a P/E ratio of 55.43 and a beta of 1.51. 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 announced its quarterly earnings data on Monday, February 25th. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. RealPage had a return on equity of 10.59% and a net margin of 3.99%. The company had revenue of $226.97 million for the quarter, compared to analysts’ expectations of $229.23 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. RealPage’s revenue was up 20.9% compared to the same quarter last year. As a group, equities research analysts predict that RealPage Inc will post 1.24 earnings per share for the current fiscal year.



Several brokerages have recently weighed in on RP. BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. William Blair reiterated an “outperform” rating on shares of RealPage in a report on Tuesday, February 26th. 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. ValuEngine upgraded RealPage from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Finally, Royal Bank of Canada upgraded RealPage from a “sector perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a report on Wednesday, November 21st. One 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $65.80.

A number of large investors have recently made changes to their positions in RP. Frontier Capital Management Co. LLC boosted its position in RealPage by 85.1% during 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 in the last quarter. Loomis Sayles & Co. L P boosted its position in RealPage by 19.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 584,415 shares of the software maker’s stock valued at $38,513,000 after acquiring an additional 95,217 shares in the last quarter. Parametrica Management Ltd bought a new stake in RealPage during the 3rd quarter valued at $210,000. Southside Capital LLC bought a new stake in RealPage during the 4th quarter valued at $5,511,000. Finally, Stevens Capital Management LP bought a new stake in RealPage during the 4th quarter valued at $864,000. 86.46% of the stock is currently 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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