UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Repay Holdings Co. (NASDAQ:RPAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Repay Holdings Co. (NASDAQ:RPAY) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,927 shares of the company’s stock after purchasing an additional 4,980 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Repay worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of RPAY. Blue Trust Inc. lifted its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares in the last quarter. Empowered Funds LLC lifted its stake in Repay by 34.0% in the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company’s stock worth $3,630,000 after purchasing an additional 120,777 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Repay by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock worth $1,165,000 after purchasing an additional 15,141 shares in the last quarter. Bfsg LLC lifted its stake in Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after purchasing an additional 3,830 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in Repay in the 4th quarter worth approximately $80,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RPAY. Citigroup lowered their price objective on shares of Repay from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, May 19th. Stephens restated an “overweight” rating and set a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price objective on shares of Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. DA Davidson restated a “buy” rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Finally, Barclays lowered 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. Five equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $7.90.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $5.23 on Tuesday. The stock has a market cap of $520.07 million, a PE ratio of -6.01 and a beta of 1.60. The company’s fifty day moving average is $4.47 and its 200 day moving average is $6.25. Repay Holdings Co. has a 52 week low of $3.59 and a 52 week high of $11.27. 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 (NASDAQ:RPAY) last issued its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $77.33 million during the quarter, compared to analysts’ expectations of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Research analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Repay announced that its Board of Directors has authorized a share repurchase plan on Monday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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

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.