Quantbot Technologies LP Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

Quantbot Technologies LP acquired a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 73,668 shares of the company's stock, valued at approximately $601,000. Quantbot Technologies LP owned about 0.08% of Repay at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RPAY. Bank of Montreal Can lifted its stake in Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock valued at $10,594,000 after acquiring an additional 1,286,917 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in Repay by 28.2% in the third quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company's stock worth $355,000 after purchasing an additional 9,570 shares in the last quarter. Sompo Asset Management Co. Ltd. increased its position in Repay by 157.1% during the third quarter. Sompo Asset Management Co. Ltd. now owns 70,190 shares of the company's stock worth $573,000 after buying an additional 42,890 shares during the last quarter. Intech Investment Management LLC bought a new position in Repay during the third quarter valued at about $164,000. Finally, Quest Partners LLC bought a new position in Repay during the third quarter valued at about $243,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RPAY. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. Benchmark reaffirmed a "buy" rating and set a $13.00 price objective 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 on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.29.

Insider Activity

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares of the company's stock, valued at approximately $1,995,480.30. This represents a 46.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by corporate insiders.

Repay Stock Performance

NASDAQ:RPAY traded down $0.33 during trading hours on Tuesday, reaching $8.10. The company had a trading volume of 172,701 shares, compared to its average volume of 831,559. The stock has a 50-day moving average of $8.04 and a two-hundred day moving average of $8.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $79.15 million for the quarter, compared to analysts' expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. As a group, research analysts predict that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Repay Profile

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.