Hsbc Holdings PLC Sells 6,916 Shares of Repay Holdings Corporation $RPAY

Hsbc Holdings PLC cut its stake in Repay Holdings Corporation (NASDAQ:RPAY) by 16.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,293 shares of the company’s stock after selling 6,916 shares during the quarter. Hsbc Holdings PLC’s holdings in Repay were worth $199,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Spire Wealth Management raised its position in shares of Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after purchasing an additional 2,620 shares during the period. Principal Financial Group Inc. raised its position in shares of Repay by 9.0% in the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company’s stock valued at $927,000 after purchasing an additional 13,722 shares during the period. ProShare Advisors LLC raised its position in shares of Repay by 42.8% in the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company’s stock valued at $186,000 after purchasing an additional 7,323 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Repay by 3.8% in the fourth 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 period. Finally, Private Management Group Inc. raised its position in shares of Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after purchasing an additional 914,529 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

NASDAQ:RPAY opened at $5.88 on Friday. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75. The firm has a market cap of $537.08 million, a price-to-earnings ratio of -4.67 and a beta of 1.62. The firm’s 50-day simple moving average is $5.27 and its 200 day simple moving average is $5.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The business had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. During the same period last year, the firm earned $0.22 earnings per share. Repay’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RPAY. UBS Group increased their price objective on shares of Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. DA Davidson dropped their price objective on shares of Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Repay from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Morgan Stanley raised their price target on shares of Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Repay in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Repay 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.