Repay Holdings Co. (NASDAQ:RPAY) Holdings Raised by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 340.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,586 shares of the company’s stock after purchasing an additional 2,771 shares during the quarter. Blue Trust Inc.’s holdings in Repay were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RPAY. nVerses Capital LLC bought a new stake in shares of Repay during the third quarter valued at about $59,000. Creative Planning acquired a new position in Repay during the third quarter worth about $115,000. Squarepoint Ops LLC acquired a new position in Repay during the second quarter worth about $142,000. ProShare Advisors LLC grew its holdings in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the period. Finally, Diversified Trust Co grew its holdings in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RPAY. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a report on Wednesday, September 25th. DA Davidson reaffirmed a “buy” rating and set a $16.00 target price on shares of Repay in a report on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays dropped their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Trading Down 1.3 %

Shares of RPAY opened at $7.85 on Friday. The business’s 50-day moving average price is $8.05 and its 200 day moving average price is $9.19. The stock has a market capitalization of $767.32 million, a P/E ratio of -8.09 and a beta of 1.44. Repay Holdings Co. has a 1-year low of $6.01 and a 1-year high of $11.27. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last released its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The company had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of Repay stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the sale, the executive vice president now directly owns 140,130 shares in the company, valued at $1,146,263.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 269,524 shares of company stock worth $2,222,784 in the last three months. 11.00% of the stock is owned by insiders.

About Repay

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.