Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 89.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,333 shares of the company's stock after selling 248,340 shares during the period. Cubist Systematic Strategies LLC's holdings in Repay were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RPAY. Vanguard Group Inc. raised its position in Repay by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company's stock valued at $48,366,000 after purchasing an additional 32,554 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Repay by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company's stock valued at $35,715,000 after acquiring an additional 45,656 shares in the last quarter. Janus Henderson Group PLC boosted its position in Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company's stock valued at $31,589,000 after acquiring an additional 233,334 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company's stock valued at $24,601,000 after purchasing an additional 1,503,919 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Repay Trading Up 0.9 %

Repay stock traded up $0.07 during midday trading on Monday, reaching $7.97. The stock had a trading volume of 538,559 shares, compared to its average volume of 865,464. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a 52-week low of $5.63 and a 52-week high of $11.27. The firm has a market cap of $809.99 million, a price-to-earnings ratio of -8.06 and a beta of 1.44. The company has a fifty day moving average of $8.24 and a 200 day moving average of $9.44.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The firm had revenue of $74.91 million for the quarter, compared to the consensus estimate of $76.28 million. During the same period last year, the firm earned $0.14 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.00, for a total value of $413,552.00. Following the completion of the transaction, the executive vice president now owns 140,130 shares of the company's stock, valued at approximately $1,121,040. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last 90 days. Insiders own 11.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. DA Davidson reissued a "buy" rating and set a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $13.00 target price on shares of Repay in a report on Wednesday, September 25th. Finally, Barclays dropped their target price 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.75.

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.