Russell Investments Group Ltd. Acquires 93,843 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Russell Investments Group Ltd. increased its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,195,915 shares of the company’s stock after purchasing an additional 93,843 shares during the quarter. Russell Investments Group Ltd.’s holdings in Repay were worth $10,213,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Simplicity Solutions LLC raised its holdings in Repay by 17.4% in the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after purchasing an additional 2,744 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Repay by 18.5% during the 4th quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock worth $160,000 after acquiring an additional 2,925 shares in the last quarter. Hsbc Holdings PLC lifted its position in Repay by 19.7% during the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after acquiring an additional 3,669 shares during the last quarter. North Reef Capital Management LP boosted its stake in Repay by 2.2% in the third quarter. North Reef Capital Management LP now owns 202,662 shares of the company’s stock valued at $1,538,000 after acquiring an additional 4,313 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Repay by 3.6% in the third quarter. Swiss National Bank now owns 173,283 shares of the company’s stock valued at $1,315,000 after acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 5,624 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.03, for a total transaction of $56,408.72. Following the completion of the sale, the chief financial officer now owns 646,387 shares of the company’s stock, valued at $6,483,261.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 116,019 shares of company stock worth $1,220,382. Corporate insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Benchmark started coverage on Repay in a report on Tuesday, February 13th. They set a “buy” rating and a $10.00 price objective for the company. Truist Financial reissued a “buy” rating and issued a $13.00 price target (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. DA Davidson restated a “buy” rating and set a $16.00 price objective on shares of Repay in a report on Tuesday, April 30th. Keefe, Bruyette & Woods lifted their target price on shares of Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Repay has a consensus rating of “Hold” and a consensus target price of $10.25.

Repay Stock Down 0.6 %

Shares of RPAY stock opened at $10.33 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a twelve month low of $5.62 and a twelve month high of $11.22. The stock has a 50 day moving average of $10.11 and a 200 day moving average of $8.45.

Repay (NASDAQ:RPAY) last released its earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business 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, equities research analysts expect that Repay Holdings Co. will post 0.73 EPS for the current fiscal 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.