Quantbot Technologies LP Has $305,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

Quantbot Technologies LP decreased its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,028 shares of the company’s stock after selling 33,640 shares during the quarter. Quantbot Technologies LP’s holdings in Repay were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPAY. Principal Financial Group Inc. lifted its stake in shares of Repay by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock worth $1,165,000 after buying an additional 15,141 shares during the last quarter. Villanova Investment Management Co LLC raised its holdings in Repay by 71.7% in the 3rd quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after acquiring an additional 117,573 shares during the period. Barclays PLC lifted its position in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after acquiring an additional 112,125 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Repay by 34.0% in the fourth quarter. Empowered Funds LLC now owns 475,818 shares of the company’s stock valued at $3,630,000 after purchasing an additional 120,777 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on RPAY. Keefe, Bruyette & Woods reduced their price target 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. BMO Capital Markets reduced their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. DA Davidson reiterated a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Canaccord Genuity Group cut their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, UBS Group lowered their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.31.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $5.48 on Friday. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $7.55. Repay Holdings Co. has a 12 month low of $5.30 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 stock has a market capitalization of $534.23 million, a PE ratio of -6.30 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.