Repay Holdings Co. (NASDAQ:RPAY) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 100.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,288 shares of the company’s stock after acquiring an additional 50,644 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Repay were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RPAY. Hsbc Holdings PLC grew its stake in shares of Repay by 19.7% in the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after buying an additional 3,669 shares during the period. American Century Companies Inc. purchased a new position in Repay in the third quarter worth approximately $8,492,000. Swiss National Bank increased its stake in Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company’s stock worth $1,315,000 after acquiring an additional 6,000 shares during the last quarter. Vanguard Group Inc. raised its position in Repay by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company’s stock valued at $32,225,000 after purchasing an additional 53,746 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Repay by 18.5% in the 4th quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after purchasing an additional 2,925 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 5,624 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.03, for a total transaction of $56,408.72. Following the sale, the chief financial officer now owns 646,387 shares of the company’s stock, valued at approximately $6,483,261.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 116,019 shares of company stock worth $1,220,382 over the last ninety days. Corporate insiders own 19.23% of the company’s stock.

Repay Stock Performance

Shares of RPAY opened at $9.63 on Monday. The stock has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $8.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. Repay Holdings Co. has a 1 year low of $5.61 and a 1 year high of $11.22. The stock has a market capitalization of $982.26 million, a PE ratio of -7.89 and a beta of 1.34.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $69.94 million. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. On average, analysts predict that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Friday, March 1st. Keefe, Bruyette & Woods increased their price objective on shares of Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Benchmark initiated coverage on Repay in a research report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Truist Financial restated a “buy” rating and set a $13.00 price target (up from $10.00) on shares of Repay in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.25.

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.