Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. reduced its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 43.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,300 shares of the company’s stock after selling 20,600 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Repay were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in Repay in the fourth quarter valued at $56,000. ProShare Advisors LLC increased its stake in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the last quarter. Diversified Trust Co increased its stake in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Repay by 6.6% during the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Repay by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock worth $264,000 after acquiring an additional 3,661 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Trading Up 0.6 %

Shares of RPAY opened at $8.66 on Friday. The company has a market capitalization of $846.52 million, a P/E ratio of -8.84 and a beta of 1.44. Repay Holdings Co. has a one year low of $5.63 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a 50-day moving average price of $8.75 and a 200 day moving average price of $9.72.

Repay (NASDAQ:RPAY) last issued 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 during the quarter, compared to the consensus estimate of $76.28 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Repay’s revenue for the quarter 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 fiscal year.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 269,524 shares of company stock valued at $2,222,784 in the last quarter. Insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

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

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.