Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,171,648 shares of the company’s stock after purchasing an additional 267,184 shares during the period. American Century Companies Inc.’s holdings in Repay were worth $31,830,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Repay in the 3rd quarter worth about $164,000. Bank of Montreal Can lifted its position in shares of Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after purchasing an additional 1,286,917 shares in the last quarter. Quantbot Technologies LP purchased a new position in Repay in the 3rd quarter valued at about $601,000. Verition Fund Management LLC purchased a new position in Repay in the third quarter valued at about $171,000. Finally, Paloma Partners Management Co acquired a new stake in Repay in the third quarter valued at $219,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Trading Down 7.4 %

Shares of RPAY opened at $5.48 on Friday. The stock has a fifty day moving average price of $6.80 and a two-hundred day moving average price of $7.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market cap of $534.23 million, a price-to-earnings ratio of -6.30 and a beta of 1.54. Repay Holdings Co. has a 52-week low of $5.30 and a 52-week high of $11.27.

Analysts Set New Price Targets

Several research firms have recently commented on RPAY. DA Davidson reaffirmed a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Stephens restated an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. UBS Group dropped their target price on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. BMO Capital Markets dropped their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Finally, Barclays decreased their target price on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Repay currently has an average rating of “Moderate Buy” and a consensus target price of $10.31.

About Repay

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.