Principal Financial Group Inc. Takes $1.12 Million Position in Repay Holdings Co. (NASDAQ:RPAY)

Principal Financial Group Inc. bought a new position in shares of Repay Holdings Co. (NASDAQ:RPAY) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 137,514 shares of the company’s stock, valued at approximately $1,122,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RPAY. Villanova Investment Management Co LLC boosted its position in Repay by 71.7% in the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after buying an additional 117,573 shares in the last quarter. Millrace Asset Group Inc. raised its position in Repay by 216.7% in the 3rd quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock valued at $2,637,000 after purchasing an additional 221,102 shares during the last quarter. Barclays PLC boosted its stake in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Repay during the second quarter worth $1,365,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Repay in the third quarter valued at $601,000. 82.73% of the stock is owned by institutional investors.

Insider Activity at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was 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 $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Repay Trading Up 0.8 %

RPAY opened at $7.70 on Friday. The firm has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $8.53. The company has a market cap of $751.77 million, a price-to-earnings ratio of -8.85 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 current ratio of 2.70 and a quick ratio of 2.70.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $79.15 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, sell-side analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.83.

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.