Voya Investment Management LLC Sells 3,320 Shares of Repay Holdings Corporation $RPAY

Voya Investment Management LLC trimmed its stake in Repay Holdings Corporation (NASDAQ:RPAY) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,512 shares of the company’s stock after selling 3,320 shares during the period. Voya Investment Management LLC’s holdings in Repay were worth $142,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RPAY. Nuveen LLC bought a new position in shares of Repay in the first quarter worth approximately $5,764,000. Private Management Group Inc. grew its position in Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after acquiring an additional 914,529 shares during the last quarter. Millennium Management LLC raised its stake in shares of Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after acquiring an additional 428,289 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Repay by 6.1% during the first quarter. American Century Companies Inc. now owns 4,427,315 shares of the company’s stock worth $24,660,000 after acquiring an additional 255,667 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Repay by 26.1% during the first quarter. Russell Investments Group Ltd. now owns 1,232,789 shares of the company’s stock worth $6,867,000 after acquiring an additional 255,311 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Down 1.7%

Shares of Repay stock opened at $5.23 on Wednesday. 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 Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75. The stock has a market capitalization of $477.71 million, a price-to-earnings ratio of -4.15 and a beta of 1.62. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.03.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $74.24 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Repay Holdings Corporation will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on RPAY. Keefe, Bruyette & Woods lifted their price target on shares of Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 12th. Morgan Stanley lifted their price target on shares of Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. UBS Group lifted their price target on shares of Repay from $4.50 to $5.75 and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Repay from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price target on shares of Repay in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.22.

Insider Transactions at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the transaction, the executive vice president directly owned 193,532 shares of the company’s stock, valued at approximately $1,139,903.48. The trade was a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.00% of the company’s stock.

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.