PNC Financial Services Group Inc. Purchases 6,610 Shares of Repay Holdings Co. (NASDAQ:RPAY)

PNC Financial Services Group Inc. grew its position in Repay Holdings Co. (NASDAQ:RPAY) by 29.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,869 shares of the company’s stock after purchasing an additional 6,610 shares during the period. PNC Financial Services Group Inc.’s holdings in Repay were worth $220,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bailard Inc. lifted its holdings in shares of Repay by 5.7% in the fourth quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after purchasing an additional 2,300 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Repay by 11.1% in the fourth quarter. Bank of New York Mellon Corp now owns 347,309 shares of the company’s stock valued at $2,650,000 after purchasing an additional 34,722 shares in the last quarter. Olympiad Research LP bought a new stake in Repay during the fourth quarter worth about $80,000. Bfsg LLC raised its holdings in Repay by 29.9% during the fourth quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after acquiring an additional 3,830 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Repay by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock worth $1,165,000 after acquiring an additional 15,141 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on RPAY shares. UBS Group dropped their target price on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price target on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Barclays lowered their price target on Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Canaccord Genuity Group lowered their price target on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.31.

Repay Price Performance

Repay stock opened at $5.74 on Friday. Repay Holdings Co. has a 12 month low of $5.30 and a 12 month high of $11.27. The stock’s 50 day moving average is $6.96 and its 200-day moving average is $7.63. 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 capitalization of $559.58 million, a price-to-earnings ratio of -6.60 and a beta of 1.54.

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.