Charles Schwab Investment Management Inc. Sells 46,216 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Charles Schwab Investment Management Inc. cut its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 598,313 shares of the company's stock after selling 46,216 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.61% of Repay worth $4,565,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after purchasing an additional 2,077 shares during the last quarter. Bailard Inc. raised its holdings in Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company's stock worth $325,000 after buying an additional 2,300 shares during the period. Bfsg LLC lifted its stake in Repay by 29.9% during the fourth quarter. Bfsg LLC now owns 16,660 shares of the company's stock valued at $127,000 after buying an additional 3,830 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Repay by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company's stock worth $153,000 after buying an additional 4,659 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Repay in the fourth quarter worth approximately $36,000. Institutional investors own 82.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RPAY shares. BMO Capital Markets reduced their target price on Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Tuesday, March 4th. DA Davidson reissued a "buy" rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Barclays lowered their target price on Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Stephens reiterated an "overweight" rating and issued a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.31.

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Repay Stock Down 7.4 %

NASDAQ:RPAY traded down $0.44 during trading hours on Friday, reaching $5.48. The company's stock had a trading volume of 441,463 shares, compared to its average volume of 795,488. Repay Holdings Co. has a one year low of $5.30 and a one year high of $11.27. The business's 50-day moving average is $6.80 and its 200-day moving average is $7.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market cap of $534.23 million, a price-to-earnings ratio of -6.30 and a beta of 1.54.

Repay Company 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.