Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 89.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,891,109 shares of the company’s stock after purchasing an additional 895,429 shares during the period. River Road Asset Management LLC owned 1.93% of Repay worth $15,431,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in Repay by 340.0% during the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after buying an additional 2,771 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Repay during the 3rd quarter worth $59,000. Squarepoint Ops LLC acquired a new position in shares of Repay during the 2nd quarter valued at about $142,000. Creative Planning purchased a new stake in shares of Repay in the third quarter valued at about $115,000. Finally, ProShare Advisors LLC increased its position in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,121,040. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 269,524 shares of company stock worth $2,222,784 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Repay Stock Performance

RPAY stock opened at $8.04 on Tuesday. The business’s fifty day moving average price is $8.04 and its 200 day moving average price is $9.18. Repay Holdings Co. has a 12-month low of $6.01 and a 12-month high of $11.27. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $74.91 million for the quarter, compared to analysts’ expectations of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts expect that Repay Holdings Co. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, September 25th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Finally, Barclays lowered their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Repay has an average rating of “Moderate Buy” and an average price target of $12.29.

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.