Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Repay Holdings Co. (NASDAQ:RPAY) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,451,665 shares of the company’s stock after purchasing an additional 75,091 shares during the period. Bank of New York Mellon Corp owned about 1.43% of Repay worth $15,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RPAY. Diversified Trust Co raised its position 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. Sequoia Financial Advisors LLC acquired a new position in shares of Repay during the 2nd quarter worth approximately $361,000. CWM LLC lifted its stake in Repay by 2.8% in the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock valued at $568,000 after buying an additional 1,462 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after buying an additional 233,334 shares during the last quarter. Finally, Bayesian Capital Management LP increased its position in Repay by 33.8% during the first quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock worth $340,000 after buying an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Price Performance

RPAY opened at $8.02 on Friday. Repay Holdings Co. has a 1 year low of $5.63 and a 1 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 company’s 50 day simple moving average is $9.04 and its 200 day simple moving average is $9.76. The stock has a market capitalization of $783.96 million, a PE ratio of -8.18 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The company had revenue of $74.91 million during the quarter, compared to analysts’ expectations of $76.28 million. During the same period in the previous year, the company earned $0.14 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Repay Holdings Co. will post 0.74 EPS for the current year.

Insider Transactions at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of Repay stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 directly owns 240,130 shares of the company’s stock, valued at $1,995,480.30. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RPAY. Barclays reduced their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price target on shares of Repay in a report on Wednesday, July 3rd. Finally, DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Repay has a consensus rating of “Moderate Buy” and an average target price of $11.10.

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.