Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,812,074 shares of the company’s stock after acquiring an additional 683,548 shares during the quarter. Royce & Associates LP owned approximately 1.86% of Repay worth $13,826,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RPAY. Wellington Management Group LLP acquired a new stake in Repay during the third quarter worth approximately $37,197,000. Barclays PLC boosted its holdings in shares of Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after purchasing an additional 1,286,917 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after purchasing an additional 726,058 shares during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in shares of Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after purchasing an additional 599,840 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

RPAY has been the topic of a number of research analyst reports. Stephens reiterated an “overweight” rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Barclays cut their target price on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. DA Davidson reissued a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Finally, UBS Group cut their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.31.

Repay Stock Performance

Repay stock opened at $5.79 on Tuesday. Repay Holdings Co. has a 12-month low of $5.30 and a 12-month high of $11.27. The company has a market capitalization of $564.46 million, a price-to-earnings ratio of -6.66 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm’s fifty day moving average price is $7.09 and its 200 day moving average price is $7.70.

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.