Principal Financial Group Inc. Buys 15,141 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Principal Financial Group Inc. boosted its stake in Repay Holdings Co. (NASDAQ:RPAY) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,655 shares of the company’s stock after purchasing an additional 15,141 shares during the quarter. Principal Financial Group Inc. owned about 0.16% of Repay worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP purchased a new stake in shares of Repay during the 3rd quarter valued at $37,197,000. Barclays PLC increased its stake in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Bank of Montreal Can raised its position in Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after purchasing an additional 1,286,917 shares in the last quarter. Private Management Group Inc. lifted its stake in Repay by 71.6% during the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after purchasing an additional 726,058 shares during the last quarter. Finally, Aequim Alternative Investments LP boosted its holdings in shares of Repay by 640.7% in the 3rd quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company’s stock worth $4,720,000 after purchasing an additional 500,384 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RPAY. Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday. UBS Group decreased their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday. Canaccord Genuity Group lowered their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets reduced their price objective on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, DA Davidson reissued a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.56.

Repay Stock Performance

Shares of NASDAQ:RPAY opened at $6.25 on Thursday. 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 50-day moving average price of $7.40 and a 200-day moving average price of $7.86. The company has a market cap of $610.21 million, a price-to-earnings ratio of -7.18 and a beta of 1.54. Repay Holdings Co. has a 12 month low of $5.93 and a 12 month high of $11.27.

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.