Blue Trust Inc. Has $29,000 Position in Repay Holdings Co. (NASDAQ:RPAY)

Blue Trust Inc. raised its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 340.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,586 shares of the company’s stock after buying an additional 2,771 shares during the quarter. Blue Trust Inc.’s holdings in Repay were worth $29,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. ProShare Advisors LLC lifted its holdings in shares of 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 buying an additional 1,174 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of 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 buying an additional 1,232 shares during the last quarter. CWM LLC lifted its holdings in shares of Repay by 2.8% during the second quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after buying an additional 1,462 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of 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 buying an additional 2,391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 buying an additional 3,661 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at $1,146,263.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 269,524 shares of company stock worth $2,222,784 over the last three months. 11.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on RPAY. Barclays cut their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, September 25th. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Repay in a research note on Tuesday, July 9th. Finally, Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and an average target price of $12.29.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $7.85 on Friday. The business has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $9.19. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $767.32 million, a price-to-earnings ratio of -8.09 and a beta of 1.44. Repay Holdings Co. has a one year low of $6.01 and a one year high of $11.27.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $76.28 million. During the same period in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Repay Holdings Co. will post 0.73 EPS for the current year.

Repay Company 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.