Sei Investments Co. Has $4.01 Million Position in Repay Holdings Co. (NASDAQ:RPAY)

Sei Investments Co. increased its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 525,856 shares of the company’s stock after buying an additional 80,569 shares during the quarter. Sei Investments Co. owned 0.54% of Repay worth $4,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Repay by 6.8% during the 4th quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock worth $31,830,000 after acquiring an additional 267,184 shares during the period. Royce & Associates LP boosted its stake in Repay by 60.6% in the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after buying an additional 683,548 shares in the last quarter. Monimus Capital Management LP bought a new stake in Repay in the fourth quarter valued at $2,157,000. First Eagle Investment Management LLC acquired a new position in Repay during the fourth quarter worth $1,778,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after acquiring an additional 599,840 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Up 2.3 %

NASDAQ RPAY opened at $5.77 on Thursday. The stock has a market capitalization of $562.51 million, a P/E ratio of -6.63 and a beta of 1.54. Repay Holdings Co. has a 52 week low of $5.30 and a 52 week high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a fifty day moving average of $6.69 and a 200-day moving average of $7.50.

Analyst Ratings Changes

Several research firms have recently weighed in on RPAY. UBS Group lowered their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Barclays dropped their price objective on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Canaccord Genuity Group dropped their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Stephens restated an “overweight” rating and set a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Finally, BMO Capital Markets cut their price target on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.31.

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.