SG Americas Securities LLC Reduces Stake in Repay Holdings Co. (NASDAQ:RPAY)

SG Americas Securities LLC lessened its stake in Repay Holdings Co. (NASDAQ:RPAY) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,650 shares of the company’s stock after selling 1,634 shares during the quarter. SG Americas Securities LLC’s holdings in Repay were worth $211,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RPAY. Hennion & Walsh Asset Management Inc. raised its stake in shares of Repay by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock valued at $153,000 after buying an additional 4,659 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Repay by 29.5% in the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after purchasing an additional 112,125 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Repay in the third quarter valued at approximately $1,122,000. Franklin Resources Inc. lifted its stake in shares of Repay by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company’s stock valued at $12,273,000 after buying an additional 42,876 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Repay by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock worth $16,298,000 after buying an additional 32,613 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.00% of the company’s stock.

Repay Trading Down 0.1 %

Shares of RPAY stock opened at $7.62 on Friday. The company has a market capitalization of $743.96 million, a PE ratio of -8.76 and a beta of 1.43. Repay Holdings Co. has a 52-week low of $7.15 and a 52-week high of $11.27. The business’s fifty day moving average is $7.70 and its 200 day moving average is $8.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million for the quarter, compared to analysts’ expectations 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 revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. On average, equities research analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on RPAY. Keefe, Bruyette & Woods lowered their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Repay currently has an average rating of “Moderate Buy” and an average price target of $12.33.

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.