Barclays PLC Buys 1,427,078 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Barclays PLC raised its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 2,382.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,486,977 shares of the company's stock after purchasing an additional 1,427,078 shares during the period. Barclays PLC owned 1.52% of Repay worth $12,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RPAY. Wellington Management Group LLP bought a new position in Repay in the 3rd quarter worth approximately $37,197,000. Dimensional Fund Advisors LP lifted its holdings in Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company's stock worth $35,715,000 after purchasing an additional 45,656 shares during the period. American Century Companies Inc. grew its position in Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company's stock valued at $26,745,000 after buying an additional 158,668 shares in the last quarter. Millennium Management LLC increased its stake in Repay by 182.1% during the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company's stock valued at $24,601,000 after buying an additional 1,503,919 shares during the period. Finally, State Street Corp raised its position in shares of Repay by 1.1% during the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company's stock worth $18,578,000 after buying an additional 25,057 shares in the last quarter. Institutional investors own 82.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and set a $13.00 target price on shares of Repay in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.83.

Repay Stock Up 0.9 %

NASDAQ:RPAY traded up $0.07 during trading hours on Monday, hitting $8.23. 501,187 shares of the stock traded hands, compared to its average volume of 827,497. The firm has a market cap of $803.49 million, a price-to-earnings ratio of -9.38 and a beta of 1.42. The firm has a 50 day moving average price of $8.04 and a 200 day moving average price of $8.78. 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 fifty-two week low of $7.04 and a fifty-two week high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data 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 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 for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Equities research analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Insider Activity at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company's stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.00% of the stock is currently owned by insiders.

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.