Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 413,364 shares of the company’s stock after selling 78,802 shares during the period. JPMorgan Chase & Co. owned 0.42% of Repay worth $3,154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RPAY. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Repay by 87.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,111 shares of the company’s stock worth $193,000 after purchasing an additional 11,707 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Repay in the 4th quarter worth $111,000. Sei Investments Co. boosted its holdings in Repay by 18.1% in the fourth quarter. Sei Investments Co. now owns 525,856 shares of the company’s stock valued at $4,012,000 after acquiring an additional 80,569 shares during the last quarter. American Century Companies Inc. boosted its holdings in Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock valued at $31,830,000 after acquiring an additional 267,184 shares during the last quarter. Finally, Royce & Associates LP grew its position in Repay by 60.6% during the fourth quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after acquiring an additional 683,548 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stephens restated an “overweight” rating and issued a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. BMO Capital Markets reduced their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price objective on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group reduced their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.94.

Repay Price Performance

RPAY opened at $4.36 on Tuesday. Repay Holdings Co. has a twelve month low of $4.24 and a twelve month high of $11.27. The firm has a market cap of $425.05 million, a price-to-earnings ratio of -5.01 and a beta of 1.64. 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 company has a fifty day simple moving average of $5.88 and a 200 day simple moving average of $7.15.

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.