RealPage Inc (NASDAQ:RP) Director Alfred R. Berkeley III sold 4,000 shares of RealPage stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $59.23, for a total transaction of $236,920.00. Following the sale, the director now owns 35,881 shares in the company, valued at $2,125,231.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RealPage stock opened at $58.45 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. RealPage Inc has a 52 week low of $38.40 and a 52 week high of $61.95. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 162.36 and a beta of 1.07.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The firm had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $215.14 million. During the same period in the previous year, the business earned $0.23 earnings per share. RealPage’s revenue for the quarter was up 33.3% compared to the same quarter last year. analysts predict that RealPage Inc will post 1.03 earnings per share for the current year.

A number of equities research analysts recently weighed in on RP shares. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Royal Bank of Canada lifted their price objective on shares of RealPage to $59.00 and gave the company a “sector perform” rating in a research note on Friday, May 4th. KeyCorp lifted their price objective on shares of RealPage from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Morgan Stanley set a $62.00 price objective on shares of RealPage and gave the company a “buy” rating in a research note on Friday, May 4th. Finally, BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. RealPage has an average rating of “Buy” and a consensus price target of $63.88.

Institutional investors have recently modified their holdings of the business. Next Century Growth Investors LLC acquired a new stake in RealPage during the 1st quarter worth about $143,000. Mount Yale Investment Advisors LLC acquired a new stake in RealPage during the 1st quarter worth about $164,000. First Manhattan Co. raised its holdings in RealPage by 78.9% during the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock worth $187,000 after buying an additional 1,500 shares during the period. Intrust Bank NA acquired a new stake in RealPage during the 1st quarter worth about $204,000. Finally, Engineers Gate Manager LP acquired a new stake in RealPage during the 2nd quarter worth about $204,000. Hedge funds and other institutional investors own 80.55% of the company’s stock.

RealPage Company Profile

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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