R Squared Ltd Purchases New Position in Repay Holdings Co. (NASDAQ:RPAY)

R Squared Ltd acquired a new position in Repay Holdings Co. (NASDAQ:RPAY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,680 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Repay in the third quarter worth $1,122,000. Villanova Investment Management Co LLC raised its position in shares of Repay by 71.7% in the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after acquiring an additional 117,573 shares during the period. Millrace Asset Group Inc. raised its position in shares of Repay by 216.7% in the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after acquiring an additional 221,102 shares during the period. Barclays PLC raised its position in shares of 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 acquiring an additional 1,427,078 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Repay during the second quarter worth about $1,365,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Stock Down 1.3 %

RPAY stock opened at $7.37 on Tuesday. Repay Holdings Co. has a one year low of $7.15 and a one year high of $11.27. The stock has a market capitalization of $719.56 million, a PE ratio of -8.47 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a fifty day moving average of $7.75 and a 200-day moving average of $8.15.

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

Analysts Set New Price Targets

RPAY has been the subject of several research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Insider Buying and Selling

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value 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 represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is owned by insiders.

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.