Repay Holdings Co. (NASDAQ:RPAY) Stock Holdings Lowered by Royce & Associates LP

Royce & Associates LP lowered its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 73.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,128,526 shares of the company’s stock after selling 3,044,098 shares during the period. Royce & Associates LP owned 1.15% of Repay worth $9,209,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RPAY. Sei Investments Co. lifted its holdings in Repay by 30.1% in the first 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 lifted its holdings in Repay by 8.5% in the first 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. Bleakley Financial Group LLC lifted its holdings in Repay by 6.6% in the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares during the period. Vanguard Group Inc. lifted its holdings in Repay by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock valued at $48,366,000 after acquiring an additional 32,554 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Repay by 18.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after acquiring an additional 3,661 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Activity

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now directly owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This trade represents a 46.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays cut their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Price Performance

NASDAQ RPAY opened at $7.85 on Monday. The company has a market cap of $767.34 million, a PE ratio of -9.02 and a beta of 1.44. Repay Holdings Co. has a 1 year low of $7.03 and a 1 year high of $11.27. The company has a current ratio of 2.70, a quick ratio of 3.83 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $8.06 and its two-hundred day moving average price is $9.08.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. On average, analysts predict that Repay Holdings Co. will post 0.74 EPS for the current 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.