River Road Asset Management LLC Decreases Stake in Repay Holdings Corporation $RPAY

River Road Asset Management LLC lessened its holdings in Repay Holdings Corporation (NASDAQ:RPAY) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,410,389 shares of the company’s stock after selling 81,821 shares during the period. River Road Asset Management LLC owned approximately 2.42% of Repay worth $11,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. increased its position in shares of Repay by 45.5% during the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after acquiring an additional 2,013,128 shares during the last quarter. Private Management Group Inc. grew its stake in Repay by 57.3% in the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after purchasing an additional 1,520,432 shares during the period. Nuveen LLC purchased a new stake in shares of Repay during the 1st quarter valued at $5,764,000. Millennium Management LLC raised its stake in shares of Repay by 24.6% during the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after purchasing an additional 428,289 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Repay by 26.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,232,789 shares of the company’s stock worth $6,867,000 after buying an additional 255,311 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

Insider Transactions at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the transaction, the executive vice president owned 193,532 shares in the company, valued at $1,139,903.48. This trade represents a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Keefe, Bruyette & Woods raised their price target on shares of Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 12th. Morgan Stanley lowered their price target on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Benchmark reissued a “buy” rating on shares of Repay in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Repay in a research report on Monday, November 24th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.92.

Repay Stock Up 0.9%

RPAY opened at $3.35 on Tuesday. Repay Holdings Corporation has a 12 month low of $2.97 and a 12 month high of $8.57. The company has a market cap of $306.02 million, a PE ratio of -2.45 and a beta of 1.68. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $4.31 and a 200 day moving average of $4.85.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm had revenue of $77.73 million for the quarter, compared to the consensus estimate of $76.92 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current year.

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.