American Century Companies Inc. Has $26.75 Million Holdings in Repay Holdings Co. (NASDAQ:RPAY)

American Century Companies Inc. boosted its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,532,717 shares of the company’s stock after purchasing an additional 158,668 shares during the quarter. American Century Companies Inc. owned 2.49% of Repay worth $26,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RPAY. Quest Partners LLC acquired a new stake in shares of Repay in the fourth quarter valued at approximately $56,000. ProShare Advisors LLC raised its holdings in Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after acquiring an additional 1,174 shares in the last quarter. Diversified Trust Co lifted its position in shares of Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of Repay during the 1st quarter worth $220,000. Finally, Bleakley Financial Group LLC increased its position in shares of Repay by 6.6% in the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares during the period. Institutional investors own 82.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RPAY shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Repay in a research note on Wednesday, July 3rd. Benchmark restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Tuesday, August 13th. Barclays reduced their target price on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, DA Davidson reissued a “buy” rating and set a $16.00 price target on shares of Repay in a report on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

Repay Stock Performance

Shares of Repay stock opened at $8.35 on Thursday. The stock has a market cap of $848.61 million, a price-to-earnings ratio of -8.52 and a beta of 1.44. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.27. The company’s fifty day moving average is $8.78 and its 200 day moving average is $9.73. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current year.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of Repay stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at approximately $1,146,263.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is currently owned by insiders.

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.