Principal Financial Group Inc. Makes New Investment in Repay Holdings Co. (NASDAQ:RPAY)

Principal Financial Group Inc. acquired a new stake in Repay Holdings Co. (NASDAQ:RPAY) during the third quarter, according to its most recent filing with the SEC. The firm acquired 137,514 shares of the company’s stock, valued at approximately $1,122,000. Principal Financial Group Inc. owned about 0.14% of Repay as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in RPAY. Vanguard Group Inc. boosted its holdings in Repay by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock valued at $48,366,000 after acquiring an additional 32,554 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Repay by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock valued at $35,715,000 after purchasing an additional 45,656 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Repay by 8.8% in the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after purchasing an additional 233,334 shares during the last quarter. American Century Companies Inc. grew its position in shares of Repay by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after buying an additional 158,668 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after buying an additional 1,503,919 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.00, for a total value of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at approximately $1,121,040. The trade was a 26.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RPAY. Barclays lowered their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.29.

Repay Price Performance

Shares of RPAY stock opened at $8.05 on Friday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The firm has a fifty day moving average of $8.07 and a 200-day moving average of $9.00. The firm has a market capitalization of $785.92 million, a price-to-earnings ratio of -9.25 and a beta of 1.44.

Repay (NASDAQ:RPAY) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Repay Profile

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.