Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its position in Repay Holdings Co. (NASDAQ:RPAY) by 17.4% in the 4th quarter, Holdings Channel reports. The fund owned 18,553 shares of the company’s stock after purchasing an additional 2,744 shares during the period. Simplicity Solutions LLC’s holdings in Repay were worth $158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RPAY. Goldman Sachs Group Inc. grew its stake in Repay by 2,124.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,733,550 shares of the company’s stock worth $22,276,000 after acquiring an additional 1,655,615 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Repay by 767.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,554,947 shares of the company’s stock valued at $12,517,000 after purchasing an additional 1,375,666 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Repay in the 3rd quarter valued at $8,492,000. BlackRock Inc. boosted its holdings in shares of Repay by 10.3% in the 1st quarter. BlackRock Inc. now owns 8,436,963 shares of the company’s stock valued at $55,431,000 after purchasing an additional 788,574 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Repay by 203.5% in the 4th quarter. Millennium Management LLC now owns 1,175,201 shares of the company’s stock valued at $9,460,000 after purchasing an additional 788,033 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on RPAY. Keefe, Bruyette & Woods lifted their target price on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a report on Monday, March 4th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a report on Friday, March 1st. Benchmark began coverage on shares of Repay in a report on Tuesday, February 13th. They set a “buy” rating and a $10.00 target price on the stock. Barclays lifted their target price on shares of Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Truist Financial restated a “buy” rating and set a $13.00 target price (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.25.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 58,275 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $11.03, for a total transaction of $642,773.25. Following the completion of the transaction, the chief financial officer now directly owns 506,924 shares of the company’s stock, valued at approximately $5,591,371.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 116,019 shares of company stock valued at $1,220,382 in the last ninety days. Company insiders own 19.23% of the company’s stock.

Repay Stock Performance

RPAY opened at $9.63 on Monday. The company has a 50-day moving average of $9.74 and a 200-day moving average of $8.19. Repay Holdings Co. has a 1-year low of $5.61 and a 1-year high of $11.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The business had revenue of $75.99 million during the quarter, compared to the consensus estimate of $69.94 million. As a group, analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current year.

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.