American Century Companies Inc. Has $34.87 Million Position in Repay Holdings Corporation $RPAY

American Century Companies Inc. grew its holdings in Repay Holdings Corporation (NASDAQ:RPAY) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,667,792 shares of the company’s stock after purchasing an additional 227,349 shares during the period. American Century Companies Inc. owned approximately 7.30% of Repay worth $34,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Private Management Group Inc. raised its position in Repay by 57.3% during the second quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after buying an additional 1,520,432 shares during the period. Millennium Management LLC boosted its position in Repay by 24.6% during the 1st 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 during the period. Kent Lake PR LLC purchased a new position in Repay during the 2nd quarter valued at about $7,230,000. AQR Capital Management LLC grew its stake in Repay by 2,421.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock valued at $6,963,000 after acquiring an additional 1,387,260 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Repay by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,350,275 shares of the company’s stock valued at $6,508,000 after purchasing an additional 4,487 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Shares of RPAY opened at $2.94 on Friday. The company’s fifty day moving average is $3.37 and its 200-day moving average is $4.13. Repay Holdings Corporation has a 12 month low of $2.70 and a 12 month high of $6.06. The firm has a market cap of $268.57 million, a price-to-earnings ratio of -2.15 and a beta of 1.64. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45.

Wall Street Analysts Forecast Growth

RPAY has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Morgan Stanley dropped their price objective on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 target price on shares of Repay in a research report on Tuesday, November 11th. DA Davidson reissued a “buy” rating and set a $10.00 target price on shares of Repay in a research note on Tuesday, November 11th. Finally, UBS Group lowered their price target on shares of Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Repay currently has a consensus rating of “Hold” and a consensus target price of $6.41.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.