Blair William & Co. IL Lowers Stake in Repay Holdings Co. (NASDAQ:RPAY)

Blair William & Co. IL lowered its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 90.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,566 shares of the company’s stock after selling 337,821 shares during the period. Blair William & Co. IL’s holdings in Repay were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RPAY. Charles Schwab Investment Management Inc. lifted its holdings in Repay by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 605,680 shares of the company’s stock worth $5,173,000 after buying an additional 11,130 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Repay by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock valued at $24,347,000 after purchasing an additional 678,403 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Repay by 25.9% during the 4th quarter. Principal Financial Group Inc. now owns 72,707 shares of the company’s stock valued at $621,000 after purchasing an additional 14,973 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Repay during the 4th quarter valued at $56,000. Finally, Sunriver Management LLC lifted its holdings in shares of Repay by 15.4% during the 4th quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock valued at $38,240,000 after purchasing an additional 597,059 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,121,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 269,524 shares of company stock worth $2,222,784 in the last ninety days. Company insiders own 11.00% of the company’s stock.

Repay Price Performance

Shares of RPAY opened at $8.09 on Friday. The business’s 50-day moving average is $8.65 and its two-hundred day moving average is $9.68. The company has a market capitalization of $790.80 million, a P/E ratio of -8.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. Repay Holdings Co. has a fifty-two week low of $5.63 and a fifty-two week high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $74.91 million for the quarter, compared to the consensus estimate of $76.28 million. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Research analysts predict that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Repay in a report on Tuesday, July 9th. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 target price on shares of Repay in a research note on Wednesday, July 3rd. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Finally, Barclays reduced their target price on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.33.

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.