First Eagle Investment Management LLC Acquires Shares of 233,000 Repay Holdings Co. (NASDAQ:RPAY)

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

A number of other hedge funds also recently made changes to their positions in the stock. River Road Asset Management LLC grew its stake in shares of Repay by 31.7% during 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 acquiring an additional 599,840 shares during the period. AlphaQuest LLC grew its stake in shares of Repay by 134.3% during the 4th quarter. AlphaQuest LLC now owns 69,861 shares of the company's stock valued at $533,000 after acquiring an additional 40,041 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Repay by 29.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,869 shares of the company's stock valued at $220,000 after acquiring an additional 6,610 shares during the period. Bailard Inc. grew its stake in shares of Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company's stock valued at $325,000 after acquiring an additional 2,300 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Repay by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 347,309 shares of the company's stock valued at $2,650,000 after acquiring an additional 34,722 shares during the period. 82.73% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

RPAY has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered their price target on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. DA Davidson reissued a "buy" rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Barclays lowered their price target on Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. BMO Capital Markets lowered their price target on Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Tuesday, March 4th. Finally, Stephens reissued an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.31.

Repay Price Performance

Shares of RPAY traded down $0.04 during mid-day trading on Tuesday, hitting $5.76. 345,156 shares of the stock were exchanged, compared to its average volume of 751,996. The company has a market cap of $561.04 million, a PE ratio of -6.60 and a beta of 1.54. Repay Holdings Co. has a 52-week low of $5.30 and a 52-week high of $11.27. The firm has a 50-day moving average of $7.09 and a two-hundred day moving average of $7.70. 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 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.