Wellington Management Group LLP Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

Wellington Management Group LLP bought a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,558,413 shares of the company's stock, valued at approximately $37,197,000. Wellington Management Group LLP owned about 4.66% of Repay as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of 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 buying an additional 2,771 shares during the period. nVerses Capital LLC purchased a new position in shares of Repay in the third quarter valued at $59,000. Point72 DIFC Ltd purchased a new position in shares of Repay in the third quarter valued at $99,000. Entropy Technologies LP purchased a new position in shares of Repay in the third quarter valued at $109,000. Finally, Creative Planning purchased a new position in shares of Repay in the third quarter valued at $115,000. 82.73% of the stock is currently owned by institutional investors.

Repay Price Performance

Shares of RPAY traded down $0.04 during midday trading on Friday, reaching $8.11. The stock had a trading volume of 174,323 shares, compared to its average volume of 827,753. The company's 50-day moving average is $8.04 and its 200 day moving average is $8.80. The company has a market capitalization of $791.80 million, a price-to-earnings ratio of -9.33 and a beta of 1.42. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its 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 firm had revenue of $79.15 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. On average, equities analysts predict that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.