Zurcher Kantonalbank Zurich Cantonalbank Has $145,000 Stake in Repay Holdings Co. (NASDAQ:RPAY)

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Repay Holdings Co. (NASDAQ:RPAY) by 14.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,967 shares of the company’s stock after selling 2,825 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Repay were worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPAY. Oak Thistle LLC acquired a new position in shares of Repay during the 4th quarter worth $103,000. SG Americas Securities LLC bought a new stake in Repay in the third quarter worth $134,000. Simplicity Solutions LLC increased its position in Repay by 17.4% during the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after buying an additional 2,744 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after buying an additional 2,925 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of 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 buying an additional 3,669 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RPAY shares. Barclays raised their price objective on Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Benchmark initiated coverage on shares of Repay in a research note on Tuesday, February 13th. They issued a “buy” rating and a $10.00 price objective for the company. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Repay in a report on Tuesday, April 30th. Keefe, Bruyette & Woods upped their price target 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. Finally, Truist Financial reaffirmed a “buy” rating and issued 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.25.

Repay Stock Up 0.2 %

RPAY stock opened at $10.97 on Thursday. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.22. The company has a market cap of $1.12 billion, a PE ratio of -8.99 and a beta of 1.36. The business’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $8.52. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last released its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping 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 business had revenue of $75.99 million for the quarter, compared to the consensus estimate of $69.94 million. On average, research analysts anticipate that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 58,275 shares of Repay stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $11.03, for a total transaction of $642,773.25. Following the sale, the chief financial officer now directly owns 506,924 shares of the company’s stock, valued at $5,591,371.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 116,019 shares of company stock valued at $1,220,382 over the last three months. 11.00% of the stock is owned by corporate 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.