First Eagle Investment Management LLC Acquires New Position in Repay Holdings Co. (NASDAQ:RPAY)

First Eagle Investment Management LLC bought a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 233,000 shares of the company's stock, valued at approximately $1,778,000. First Eagle Investment Management LLC owned approximately 0.24% of Repay at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP acquired a new position in shares of Repay in the 3rd quarter valued at $37,197,000. River Road Asset Management LLC boosted its holdings in shares of Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after buying an additional 599,840 shares in the last quarter. State Street Corp boosted its holdings in shares of Repay by 1.1% in the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company's stock valued at $18,578,000 after buying an additional 25,057 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Repay by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company's stock valued at $16,298,000 after buying an additional 32,613 shares in the last quarter. Finally, Private Management Group Inc. raised its position in Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock valued at $13,277,000 after purchasing an additional 726,058 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company's stock.

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Repay Price Performance

Shares of NASDAQ RPAY traded up $0.12 during midday trading on Monday, hitting $5.79. The company had a trading volume of 521,609 shares, compared to its average volume of 751,502. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a twelve month low of $5.30 and a twelve month high of $11.27. The business has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.72. The firm has a market capitalization of $564.46 million, a price-to-earnings ratio of -6.66 and a beta of 1.54.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets reduced their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Tuesday, March 4th. DA Davidson restated a "buy" rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Canaccord Genuity Group reduced their target price on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. UBS Group reduced their target price on shares of Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Stephens restated an "overweight" rating and issued a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Repay currently has an average rating of "Moderate Buy" and a consensus price target of $10.31.

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.