Bank of Montreal Can Grows Position in Repay Holdings Co. (NASDAQ:RPAY)

Bank of Montreal Can raised its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 8,811.5% during the third quarter, HoldingsChannel reports. The firm owned 1,301,522 shares of the company’s stock after purchasing an additional 1,286,917 shares during the period. Bank of Montreal Can’s holdings in Repay were worth $10,594,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RPAY. Blue Trust Inc. lifted its stake in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC bought a new position in Repay in the third quarter worth about $59,000. Entropy Technologies LP purchased a new stake in shares of Repay during the third quarter valued at about $109,000. Creative Planning bought a new stake in shares of Repay in the 3rd quarter valued at about $115,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Repay in the 3rd quarter worth approximately $126,000. Institutional investors own 82.73% of the company’s stock.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $8.18, for a total value of $58,879.64. Following the sale, the executive vice president now owns 140,130 shares in the company, valued at $1,146,263.40. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 269,524 shares of company stock worth $2,222,784 over the last three months. 11.00% of the stock is currently owned by insiders.

Repay Trading Down 1.6 %

Shares of Repay stock opened at $8.08 on Monday. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The firm’s 50 day simple moving average is $8.04 and its two-hundred day simple moving average is $8.91. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $788.87 million, a price-to-earnings ratio of -9.29 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on RPAY. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays lowered their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Repay has a consensus rating of “Moderate Buy” and an average price target of $12.29.

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.