Repay Holdings Co. (NASDAQ:RPAY) Position Reduced by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,340,939 shares of the company's stock after selling 198,905 shares during the period. Franklin Resources Inc. owned approximately 1.37% of Repay worth $10,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RPAY. Blue Trust Inc. boosted its position in shares of Repay by 57.9% in the 4th 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 period. Bailard Inc. grew its position in shares of Repay by 5.7% during the fourth quarter. Bailard Inc. now owns 42,600 shares of the company's stock worth $325,000 after acquiring an additional 2,300 shares during the last quarter. Bfsg LLC raised its position in Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company's stock valued at $127,000 after purchasing an additional 3,830 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Repay by 30.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company's stock worth $153,000 after purchasing an additional 4,659 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Repay in the fourth quarter valued at $36,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on RPAY. Barclays dropped their price target on Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. UBS Group decreased their price target on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Canaccord Genuity Group cut their price objective on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Finally, Stephens reiterated an "overweight" rating and set a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $10.31.

Repay Trading Down 1.2 %

RPAY traded down $0.06 on Monday, reaching $4.52. 57,168 shares of the company's stock were exchanged, compared to its average volume of 859,453. The company's 50 day moving average is $6.25 and its 200-day moving average is $7.29. Repay Holdings Co. has a twelve month low of $4.39 and a twelve month high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market cap of $440.16 million, a price-to-earnings ratio of -5.19 and a beta of 1.64.

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.