Northern Trust Corp Has $6.49 Million Stake in Repay Holdings Co. (NASDAQ:RPAY)

Northern Trust Corp lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 850,911 shares of the company’s stock after acquiring an additional 32,079 shares during the period. Northern Trust Corp owned 0.87% of Repay worth $6,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Repay in the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new stake in Repay during the fourth quarter valued at approximately $36,000. Blue Trust Inc. boosted its stake in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after buying an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Repay in the 4th quarter valued at about $47,000. Finally, Olympiad Research LP bought a new stake in Repay during the 4th quarter valued at $80,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Shaler Alias acquired 15,378 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $3.93 per share, with a total value of $60,435.54. Following the completion of the purchase, the president now owns 264,782 shares of the company’s stock, valued at $1,040,593.26. This represents a 6.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John Andrew Sr. Morris purchased 163,041 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, with a total value of $684,772.20. Following the transaction, the chief executive officer now directly owns 253,041 shares in the company, valued at $1,062,772.20. This trade represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is owned by corporate insiders.

Repay Stock Performance

Shares of Repay stock opened at $4.12 on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $4.77 and a 200 day moving average price of $6.62. The firm has a market capitalization of $409.69 million, a P/E ratio of -4.74 and a beta of 1.61. Repay Holdings Co. has a 52 week low of $3.59 and a 52 week high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $77.33 million for the quarter, compared to analysts’ expectations of $76.06 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay declared that its board has approved a share buyback plan on Monday, May 12th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 19% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lowered their price objective on shares of Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Morgan Stanley set a $4.50 price target on shares of Repay in a research report on Wednesday, May 14th. Canaccord Genuity Group lowered 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. DA Davidson reaffirmed a “buy” rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Finally, Barclays reduced their price objective on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.90.

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.