Diversified Trust Co Sells 3,642 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Diversified Trust Co lowered its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,214 shares of the company’s stock after selling 3,642 shares during the period. Diversified Trust Co’s holdings in Repay were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Repay during the 3rd quarter valued at about $59,000. Point72 DIFC Ltd bought a new position in shares of Repay during the 3rd quarter valued at about $99,000. Entropy Technologies LP bought a new stake in Repay in the 3rd quarter valued at approximately $109,000. Finally, Creative Planning bought a new stake in Repay in the 3rd quarter valued at approximately $115,000. Institutional investors own 82.73% of the company’s stock.

Repay Stock Down 3.3 %

RPAY stock opened at $7.25 on Monday. 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 $707.84 million, a PE ratio of -8.33 and a beta of 1.42. Repay Holdings Co. has a 1-year low of $7.04 and a 1-year high of $11.27. The business’s 50 day simple moving average is $8.01 and its 200 day simple moving average is $8.39.

Repay (NASDAQ:RPAY) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $79.15 million for 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 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 EPS. As a group, research analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current year.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is owned by insiders.

Analysts Set New Price Targets

RPAY has been the topic of several research reports. Keefe, Bruyette & Woods cut their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Repay Company 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.