Bank of Montreal Can raised its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 8,811.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,301,522 shares of the company's stock after acquiring an additional 1,286,917 shares during the quarter. Bank of Montreal Can owned approximately 1.33% of Repay worth $10,594,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP raised its stake in Repay by 28.2% in the third quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company's stock valued at $355,000 after buying an additional 9,570 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its holdings 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 acquiring an additional 42,890 shares during the period. Intech Investment Management LLC acquired a new stake in Repay in the third quarter valued at approximately $164,000. Quest Partners LLC acquired a new stake in Repay in the third quarter valued at approximately $243,000. Finally, Empowered Funds LLC grew its holdings in Repay by 5.4% in the third quarter. Empowered Funds LLC now owns 355,041 shares of the company's stock valued at $2,897,000 after purchasing an additional 18,090 shares during the period. Institutional investors own 82.73% of the company's stock.
Repay Stock Performance
Shares of Repay stock traded up $0.29 on Monday, hitting $8.37. The stock had a trading volume of 119,134 shares, compared to its average volume of 832,366. Repay Holdings Co. has a 52-week low of $7.04 and a 52-week high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $817.19 million, a price-to-earnings ratio of -9.29 and a beta of 1.44. The company's 50 day moving average price is $8.04 and its 200 day moving average price is $8.91.
Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $79.15 million during 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, research analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current year.
Insider Buying and Selling at Repay
In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $1,995,480.30. The trade was a 46.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 in the last ninety days. Insiders own 11.00% of the company's stock.
Analysts Set New Price Targets
RPAY has been the topic of several research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a report on Wednesday, November 13th. 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 decreased their target price on Repay from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.29.
Read Our Latest Report on RPAY
Repay Profile
(
Free Report)
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.
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