Repay Holdings Corporation $RPAY Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. increased its stake in Repay Holdings Corporation (NASDAQ:RPAY) by 45.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,440,443 shares of the company’s stock after purchasing an additional 2,013,128 shares during the quarter. American Century Companies Inc. owned about 6.48% of Repay worth $31,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RPAY. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Repay in the 2nd quarter worth approximately $49,000. Spire Wealth Management lifted its position in Repay by 44.2% in the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after purchasing an additional 3,360 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Repay during the 2nd quarter valued at $56,000. Pallas Capital Advisors LLC bought a new position in Repay during the 2nd quarter valued at $57,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Repay during the 2nd quarter valued at $83,000. Institutional investors own 82.73% of the company’s stock.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $3.32 on Friday. The firm has a market cap of $302.83 million, a price-to-earnings ratio of -2.42 and a beta of 1.60. Repay Holdings Corporation has a 1 year low of $2.97 and a 1 year high of $8.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $4.85.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, November 10th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm had revenue of $77.73 million for the quarter, compared to the consensus estimate of $76.92 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s quarterly revenue was down 1.8% 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 fiscal year.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the transaction, the executive vice president owned 193,532 shares in the company, valued at approximately $1,139,903.48. This represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on RPAY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Repay in a research note on Monday, November 24th. Keefe, Bruyette & Woods boosted their target price on shares of Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a report on Tuesday, August 12th. UBS Group reduced their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Repay in a research report on Tuesday, November 11th. Finally, Benchmark reiterated a “buy” rating on shares of Repay in a research report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.92.

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.