JPMorgan Chase & Co. Acquires 112,125 Shares of Repay Holdings Co. (NASDAQ:RPAY)

JPMorgan Chase & Co. raised its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 29.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 492,166 shares of the company’s stock after buying an additional 112,125 shares during the period. JPMorgan Chase & Co. owned about 0.50% of Repay worth $4,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in Repay during the 3rd quarter valued at about $37,197,000. Millennium Management LLC lifted its position 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 purchasing an additional 1,503,919 shares during the last quarter. Barclays PLC boosted its stake in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the period. Bank of Montreal Can grew its holdings in shares of Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after purchasing an additional 1,286,917 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RPAY has been the topic of a number of recent analyst reports. 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. Keefe, Bruyette & Woods cut their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Repay Stock Down 0.7 %

Shares of Repay stock opened at $7.37 on Friday. The company’s fifty day simple moving average is $7.92 and its two-hundred day simple moving average is $8.34. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market cap of $719.56 million, a P/E ratio of -8.47 and a beta of 1.42.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. Repay’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current year.

Insider Activity at Repay

In other Repay 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 transaction, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.00% of the stock is currently owned by corporate insiders.

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.