UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.06 Million Stake in Repay Holdings Co. (NASDAQ:RPAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Repay Holdings Co. (NASDAQ:RPAY) by 13.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,947 shares of the company’s stock after selling 20,314 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Repay were worth $1,060,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after buying an additional 2,771 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Repay by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company’s stock valued at $365,000 after purchasing an additional 4,138 shares during the period. Panagora Asset Management Inc. raised its position in shares of Repay by 3.8% in the second quarter. Panagora Asset Management Inc. now owns 158,031 shares of the company’s stock valued at $1,669,000 after purchasing an additional 5,778 shares during the period. nVerses Capital LLC acquired a new stake in shares of Repay during the 3rd quarter worth about $59,000. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Repay by 28.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company’s stock worth $355,000 after buying an additional 9,570 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Down 2.5 %

RPAY opened at $7.84 on Thursday. The stock has a fifty day moving average of $8.05 and a 200-day moving average of $8.75. The company has a market capitalization of $765.44 million, a P/E ratio of -9.01 and a beta of 1.42. Repay Holdings Co. has a fifty-two week low of $7.04 and a fifty-two week high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Repay presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.