UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,314 Shares of Repay Holdings Co. (NASDAQ:RPAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,947 shares of the company’s stock after selling 20,314 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Repay worth $1,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RPAY. Blue Trust Inc. boosted its position in Repay by 340.0% during the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the period. nVerses Capital LLC acquired a new position in Repay during the 3rd quarter worth $59,000. Entropy Technologies LP acquired a new position in shares of Repay during the 3rd quarter worth about $109,000. Creative Planning bought a new position in Repay in the 3rd quarter worth approximately $115,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Repay during the third quarter worth $126,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.83.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.00% of the stock is owned by corporate insiders.

Repay Trading Down 2.5 %

RPAY stock opened at $7.84 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market cap of $765.44 million, a P/E ratio of -9.01 and a beta of 1.42. Repay Holdings Co. has a 1-year low of $7.04 and a 1-year high of $11.27. The business’s 50 day moving average is $8.05 and its 200-day moving average is $8.75.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Equities analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay Company 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.