Swiss National Bank Trims Position in Repay Holdings Corporation $RPAY

Swiss National Bank trimmed its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,583 shares of the company’s stock after selling 9,100 shares during the period. Swiss National Bank owned about 0.15% of Repay worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Repay by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company’s stock worth $155,000 after acquiring an additional 2,802 shares in the last quarter. CenterBook Partners LP grew its holdings in Repay by 19.4% during the 1st quarter. CenterBook Partners LP now owns 1,438,467 shares of the company’s stock worth $8,012,000 after acquiring an additional 233,421 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Repay by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 609,056 shares of the company’s stock worth $3,392,000 after acquiring an additional 10,743 shares in the last quarter. Vanguard Group Inc. grew its holdings in Repay by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock worth $26,569,000 after acquiring an additional 82,196 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its holdings in Repay by 1.1% during the 1st quarter. Summit Creek Advisors LLC now owns 1,649,748 shares of the company’s stock worth $9,189,000 after acquiring an additional 18,542 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Performance

Shares of Repay stock opened at $5.83 on Wednesday. The firm has a market capitalization of $532.51 million, a P/E ratio of -4.63 and a beta of 1.64. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $5.09 and a 200 day moving average price of $5.22. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The firm had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. During the same period last year, the firm posted $0.22 EPS. Repay’s revenue was up .9% on a year-over-year basis. Sell-side analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current year.

Repay declared that its board has initiated a share repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to purchase up to 19% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on RPAY shares. Wall Street Zen upgraded shares of Repay from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Morgan Stanley raised their price target on shares of Repay from $4.50 to $5.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 price target on shares of Repay in a report on Friday, August 22nd. DA Davidson lowered their price target on shares of Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. Finally, UBS Group raised their price target on shares of Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.22.

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.