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

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.80, for a total value of $12,160,000.00. Following the transaction, the insider now owns 10,380,538 shares of the company’s stock, valued at $631,136,710.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Seren Capital, Ltd. also recently made the following trade(s):

  • On Wednesday, March 20th, Seren Capital, Ltd. sold 200,000 shares of RealPage stock. The stock was 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 stock was sold at an average price of $58.55, for a total value of $8,782,500.00.
  • On Thursday, January 17th, Seren Capital, Ltd. sold 150,000 shares of RealPage stock. The stock was sold at an average price of $53.29, for a total value of $7,993,500.00.
  • On Wednesday, January 2nd, Seren Capital, Ltd. sold 100,000 shares of RealPage stock. The stock was sold at an average price of $47.21, for a total value of $4,721,000.00.

Shares of RP traded up $0.15 during midday trading on Friday, reaching $62.62. 593,663 shares of the stock were exchanged, compared to its average volume of 555,076. RealPage Inc has a 52 week low of $42.90 and a 52 week 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. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 56.93 and a beta of 1.51.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Monday, February 25th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. RealPage had a return on equity of 10.59% and a net margin of 3.99%. The business had revenue of $226.97 million for the quarter, compared to the consensus estimate of $229.23 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts predict that RealPage Inc will post 1.25 EPS for the current year.

Several brokerages have recently issued reports on RP. BidaskClub raised RealPage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 5th. ValuEngine upgraded RealPage from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. TheStreet upgraded RealPage from a “c” rating to a “b-” rating in a report on Monday, February 25th. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, DA Davidson assumed coverage on RealPage in a report on Thursday, March 28th. They set a “neutral” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $64.83.

A number of hedge funds have recently modified their holdings of the stock. Capital Insight Partners LLC boosted its position in RealPage by 1.8% during the first quarter. Capital Insight Partners LLC now owns 18,229 shares of the software maker’s stock valued at $1,106,000 after purchasing an additional 322 shares in the last quarter. Comerica Bank boosted its holdings in RealPage by 1.5% in the fourth quarter. Comerica Bank now owns 31,019 shares of the software maker’s stock worth $1,681,000 after acquiring an additional 452 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in RealPage by 0.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 72,526 shares of the software maker’s stock worth $3,495,000 after acquiring an additional 526 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in RealPage by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 86,362 shares of the software maker’s stock worth $4,162,000 after acquiring an additional 650 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in RealPage by 9.7% in the fourth quarter. MML Investors Services LLC now owns 7,928 shares of the software maker’s stock worth $382,000 after acquiring an additional 702 shares in the last quarter. 87.69% 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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