Marshall Wace LLP Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

Marshall Wace LLP purchased a new position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129,263 shares of the company's stock, valued at approximately $1,365,000. Marshall Wace LLP owned about 0.13% of Repay at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sei Investments Co. raised its stake in shares of Repay by 8.8% during the second quarter. Sei Investments Co. now owns 282,337 shares of the company's stock worth $2,981,000 after buying an additional 22,749 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Repay by 5.9% during the second quarter. King Luther Capital Management Corp now owns 340,944 shares of the company's stock worth $3,600,000 after buying an additional 18,944 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Repay by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company's stock worth $35,715,000 after buying an additional 45,656 shares during the last quarter. American Century Companies Inc. grew its holdings in Repay by 6.7% during the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company's stock valued at $26,745,000 after purchasing an additional 158,668 shares during the period. Finally, Rhumbline Advisers grew its holdings in Repay by 8.0% during the second quarter. Rhumbline Advisers now owns 150,297 shares of the company's stock valued at $1,587,000 after purchasing an additional 11,172 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Stock Down 0.1 %

Shares of Repay stock traded down $0.01 on Monday, hitting $7.85. The company had a trading volume of 334,185 shares, compared to its average volume of 877,374. The firm has a market capitalization of $797.80 million, a P/E ratio of -7.97 and a beta of 1.44. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. The stock has a 50-day moving average of $8.40 and a 200-day moving average of $9.54.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business had revenue of $74.91 million during the quarter, compared to analysts' expectations of $76.28 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. Research analysts predict that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.00, for a total transaction of $413,552.00. Following the completion of the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RPAY. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price objective on shares of Repay in a report on Wednesday, September 25th. Barclays decreased their price objective on shares of Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Benchmark restated a "buy" rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $11.00 price objective on shares of Repay in a report on Wednesday, July 3rd. Finally, DA Davidson restated a "buy" rating and set a $16.00 price objective on shares of Repay in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Repay presently has an average rating of "Moderate Buy" and a consensus target price of $11.75.

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.