Bailard Inc. Buys Shares of 23,400 Repay Holdings Co. (NASDAQ:RPAY)

Bailard Inc. purchased a new position in Repay Holdings Co. (NASDAQ:RPAY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 23,400 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in Repay by 19.7% in the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock worth $171,000 after acquiring an additional 3,669 shares in the last quarter. American Century Companies Inc. bought a new position in Repay in the 3rd quarter worth about $8,492,000. Swiss National Bank grew its position in Repay by 3.6% during the 3rd quarter. Swiss National Bank now owns 173,283 shares of the company’s stock valued at $1,315,000 after purchasing an additional 6,000 shares during the last quarter. Vanguard Group Inc. increased its stake in Repay by 1.3% during the 3rd 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 in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Repay by 18.5% in the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock worth $160,000 after buying an additional 2,925 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Stock Down 0.9 %

Shares of NASDAQ RPAY opened at $10.08 on Tuesday. Repay Holdings Co. has a 12-month low of $5.61 and a 12-month high of $11.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a 50 day moving average of $9.95 and a 200 day moving average of $8.34.

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

Insider Activity

In related news, CFO Timothy John Murphy sold 4,925 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $10.00, for a total value of $49,250.00. Following the completion of the transaction, the chief financial officer now owns 652,011 shares of the company’s stock, valued at approximately $6,520,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 116,019 shares of company stock worth $1,220,382 in the last three months. Company insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Repay in a report on Monday, March 4th. Truist Financial reiterated a “buy” rating and set a $13.00 target price (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Benchmark began coverage on Repay in a research note on Tuesday, February 13th. They issued a “buy” rating and a $10.00 price target for the company. Barclays increased their price objective on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods boosted their target price on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, 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.