Charles Schwab Investment Management Inc. Has $4.57 Million Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Charles Schwab Investment Management Inc. lowered its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 598,313 shares of the company’s stock after selling 46,216 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of Repay worth $4,565,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in RPAY. Wellington Management Group LLP bought a new position in Repay during the third quarter worth $37,197,000. State Street Corp increased its holdings in shares of Repay by 1.1% during the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company’s stock worth $18,578,000 after purchasing an additional 25,057 shares during the period. Geode Capital Management LLC raised its position in shares of Repay by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock valued at $16,298,000 after buying an additional 32,613 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of Repay by 71.6% in the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after buying an additional 726,058 shares during the period. Finally, Franklin Resources Inc. grew its position in Repay by 2.9% during the third quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company’s stock worth $12,273,000 after buying an additional 42,876 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Repay Stock Performance

NASDAQ RPAY opened at $5.86 on Wednesday. Repay Holdings Co. has a 1-year low of $5.30 and a 1-year high of $11.27. The company has a 50 day moving average of $6.90 and a 200-day moving average of $7.59. 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 firm has a market cap of $571.28 million, a price-to-earnings ratio of -6.74 and a beta of 1.54.

Wall Street Analyst Weigh In

Several equities analysts have commented on RPAY shares. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Barclays decreased their price target on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. BMO Capital Markets dropped their price objective on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group decreased their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Repay presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.31.

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.