Quantbot Technologies LP Makes New Investment in Repay Holdings Co. (NASDAQ:RPAY)

Quantbot Technologies LP acquired a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 73,668 shares of the company’s stock, valued at approximately $601,000.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can raised its holdings 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 worth $10,594,000 after buying an additional 1,286,917 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Repay by 28.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company’s stock worth $355,000 after acquiring an additional 9,570 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its position in Repay by 157.1% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 70,190 shares of the company’s stock valued at $573,000 after acquiring an additional 42,890 shares in the last quarter. Intech Investment Management LLC acquired a new position in Repay during the 3rd quarter valued at about $164,000. Finally, Quest Partners LLC bought a new stake in Repay during the 3rd quarter worth approximately $243,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Barclays cut their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Repay has an average rating of “Moderate Buy” and an average price target of $12.29.

Repay Stock Up 4.3 %

Shares of NASDAQ:RPAY opened at $8.43 on Tuesday. The company has a market capitalization of $823.05 million, a PE ratio of -9.69 and a beta of 1.44. Repay Holdings Co. has a 1 year low of $7.04 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The business has a fifty day moving average price of $8.04 and a two-hundred day moving average price of $8.91.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction dated Friday, September 6th. The shares were 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 owns 140,130 shares in the company, valued at $1,146,263.40. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 269,524 shares of company stock valued at $2,222,784. Company insiders own 11.00% of the company’s stock.

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.