Jane Street Group LLC Trims Position in Repay Holdings Co. (NASDAQ:RPAY)

Jane Street Group LLC reduced its position in Repay Holdings Co. (NASDAQ:RPAY) by 40.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 50,166 shares of the company’s stock after selling 33,466 shares during the period. Jane Street Group LLC owned about 0.05% of Repay worth $409,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Villanova Investment Management Co LLC increased its position in Repay by 71.7% during the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after purchasing an additional 117,573 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Repay during the 3rd quarter worth $37,197,000. State Street Corp raised its position in shares of Repay by 1.1% in the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company’s stock worth $18,578,000 after buying an additional 25,057 shares during the period. Point72 DIFC Ltd acquired a new position in Repay in the third quarter valued at $99,000. Finally, Paloma Partners Management Co acquired a new position in Repay in the third quarter valued at $219,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Down 1.4 %

Shares of RPAY stock opened at $7.54 on Wednesday. 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 has a market cap of $736.15 million, a PE ratio of -8.67 and a beta of 1.42. The business’s fifty day moving average is $8.04 and its 200-day moving average is $8.46. Repay Holdings Co. has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $79.15 million during 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 company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. Equities analysts expect that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

RPAY has been the topic of several research reports. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.33.

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.