Geode Capital Management LLC Sells 77,964 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Geode Capital Management LLC lessened its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,918,973 shares of the company's stock after selling 77,964 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Repay worth $14,645,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RPAY. State Street Corp boosted its position in Repay by 1.1% during the third quarter. State Street Corp now owns 2,276,719 shares of the company's stock valued at $18,578,000 after acquiring an additional 25,057 shares during the last quarter. Barclays PLC grew its stake in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the period. Franklin Resources Inc. increased its holdings in Repay by 2.9% in the third quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company's stock worth $12,273,000 after purchasing an additional 42,876 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Repay in the third quarter worth approximately $1,122,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Repay by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company's stock worth $4,016,000 after buying an additional 112,125 shares in the last quarter. Institutional investors own 82.73% of the company's stock.

Repay Stock Up 0.1 %

RPAY traded up $0.01 during midday trading on Friday, reaching $4.40. 140,998 shares of the company were exchanged, compared to its average volume of 885,329. Repay Holdings Co. has a one year low of $4.24 and a one year 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's fifty day moving average price is $5.70 and its 200 day moving average price is $7.09. The company has a market cap of $428.46 million, a price-to-earnings ratio of -5.05 and a beta of 1.64.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on RPAY shares. Barclays dropped their target price on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. UBS Group reduced their target price on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price target on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. Finally, Stephens reiterated an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Repay presently has an average rating of "Moderate Buy" and a consensus price target of $9.94.

Repay 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.