JPMorgan Chase & Co. Has $4.02 Million Position in Repay Holdings Co. (NASDAQ:RPAY)

JPMorgan Chase & Co. grew its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 29.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,166 shares of the company's stock after purchasing an additional 112,125 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.50% of Repay worth $4,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. grew its stake in Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock worth $29,000 after acquiring an additional 2,771 shares during the period. nVerses Capital LLC purchased a new stake in Repay during the third quarter worth approximately $59,000. Point72 DIFC Ltd acquired a new stake in Repay in the 3rd quarter valued at $99,000. Entropy Technologies LP acquired a new stake in shares of Repay in the third quarter valued at about $109,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Repay during the second quarter valued at approximately $142,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods dropped 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Repay currently has an average rating of "Moderate Buy" and an average target price of $12.33.

Repay Stock Performance

Shares of RPAY traded down $0.05 during mid-day trading on Friday, reaching $7.37. 386,589 shares of the company's stock traded hands, compared to its average volume of 451,448. Repay Holdings Co. has a 12 month low of $7.04 and a 12 month high of $11.27. The stock has a market capitalization of $719.53 million, a P/E ratio of -8.47 and a beta of 1.42. The business's 50-day moving average price is $7.90 and its 200-day moving average price is $8.31. 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 (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million during the quarter, compared to analysts' expectations of $78.97 million. During the same period last year, the firm posted $0.16 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current year.

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.