Rhumbline Advisers Sells 17,878 Shares of Repay Holdings Corporation (NASDAQ:RPAY)

Rhumbline Advisers trimmed its holdings in Repay Holdings Corporation (NASDAQ:RPAY) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,715 shares of the company’s stock after selling 17,878 shares during the period. Rhumbline Advisers owned 0.14% of Repay worth $739,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Repay by 1.4% during the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after purchasing an additional 2,142 shares during the last quarter. Bailard Inc. raised its stake in Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after purchasing an additional 2,300 shares during the last quarter. Quarry LP acquired a new position in Repay during the 4th quarter valued at $27,000. Price T Rowe Associates Inc. MD raised its stake in Repay by 15.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company’s stock valued at $264,000 after purchasing an additional 4,635 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Repay by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after purchasing an additional 4,980 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

Insider Transactions at Repay

In other Repay news, CEO John Andrew Sr. Morris acquired 86,761 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the transaction, the chief executive officer now owns 86,761 shares in the company, valued at $337,500.29. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Shaler Alias acquired 15,378 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were bought 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. In the last quarter, insiders have bought 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is owned by insiders.

Repay Trading Up 0.7%

Shares of RPAY stock opened at $4.63 on Friday. The firm has a fifty day moving average of $4.43 and a 200-day moving average of $6.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.71 and a current ratio of 3.71. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $10.86. The stock has a market cap of $460.41 million, a price-to-earnings ratio of -30.86 and a beta of 1.60.

Repay (NASDAQ:RPAY) last posted its 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 positive return on equity of 8.49% and a negative net margin of 4.16%. The firm had revenue of $77.33 million during the quarter, compared to the consensus estimate of $76.06 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Morgan Stanley set a $4.50 target price on shares of Repay in a research note on Wednesday, May 14th. Barclays cut their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Wall Street Zen cut shares of Repay from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, UBS Group dropped their price objective on shares of Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.90.

About Repay

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.