Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,996,937 shares of the company’s stock after acquiring an additional 32,613 shares during the quarter. Geode Capital Management LLC owned 2.04% of Repay worth $16,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RPAY. Wellington Management Group LLP purchased a new stake in shares of Repay in the third quarter valued at approximately $37,197,000. Millennium Management LLC lifted its holdings in Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after acquiring an additional 1,503,919 shares during the period. Barclays PLC boosted its position in shares of Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares in the last quarter. Bank of Montreal Can grew its position in Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after buying an additional 1,286,917 shares during the period. Finally, River Road Asset Management LLC increased its holdings in Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after buying an additional 895,429 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Repay has an average rating of “Moderate Buy” and an average target price of $12.83.

Repay Price Performance

RPAY stock opened at $7.74 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock’s 50 day moving average price is $8.04 and its 200 day moving average price is $8.61. The firm has a market cap of $755.68 million, a P/E ratio of -8.90 and a beta of 1.42. Repay Holdings Co. has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Repay 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.