Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,539,844 shares of the company’s stock after purchasing an additional 42,876 shares during the period. Franklin Resources Inc.’s holdings in Repay were worth $12,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay in the 3rd quarter valued at about $59,000. Point72 DIFC Ltd acquired a new position in Repay in the third quarter worth about $99,000. Entropy Technologies LP bought a new stake in Repay in the third quarter valued at about $109,000. Finally, Squarepoint Ops LLC acquired a new stake in Repay during the second quarter valued at approximately $142,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $7.78 on Friday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $8.05 and its two-hundred day moving average price is $8.72. Repay Holdings Co. has a 52-week low of $7.04 and a 52-week high of $11.27. The stock has a market capitalization of $759.58 million, a P/E ratio of -8.94 and a beta of 1.42.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. As a group, sell-side analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current year.

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.