Taylor Frigon Capital Management LLC Has $2.71 Million Stake in Repay Holdings Co. (NASDAQ:RPAY)

Taylor Frigon Capital Management LLC lowered its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,929 shares of the company’s stock after selling 32,051 shares during the quarter. Repay accounts for about 1.4% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Taylor Frigon Capital Management LLC owned about 0.33% of Repay worth $2,709,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Empowered Funds LLC raised its holdings in Repay by 8.2% during the 1st quarter. Empowered Funds LLC now owns 312,651 shares of the company’s stock worth $3,439,000 after buying an additional 23,625 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Repay in the 1st quarter valued at $652,000. Sei Investments Co. boosted its stake in Repay by 30.1% in the 1st quarter. Sei Investments Co. now owns 259,588 shares of the company’s stock worth $2,855,000 after purchasing an additional 60,018 shares during the period. ProShare Advisors LLC boosted its stake in Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in shares of Repay by 6.6% in the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after purchasing an additional 1,232 shares during the period. Institutional investors own 82.73% of the company’s stock.

Insider Transactions at Repay

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $8.00, for a total transaction of $413,552.00. Following the transaction, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at approximately $1,121,040. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Wednesday, September 25th. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 target price on shares of Repay in a report on Wednesday, July 3rd. Finally, Barclays decreased their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and an average target price of $12.29.

Repay Stock Down 1.7 %

Shares of NASDAQ:RPAY traded down $0.13 during midday trading on Thursday, hitting $7.66. The stock had a trading volume of 55,378 shares, compared to its average volume of 847,477. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $8.13 and its 200-day simple moving average is $9.29. Repay Holdings Co. has a 12 month low of $5.63 and a 12 month high of $11.27. The company has a market cap of $748.77 million, a P/E ratio of -8.01 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, sell-side analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.