Principal Financial Group Inc. bought a new position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 137,514 shares of the company's stock, valued at approximately $1,122,000. Principal Financial Group Inc. owned 0.14% of Repay as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC boosted its stake in Repay by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company's stock worth $164,000 after purchasing an additional 1,174 shares during the period. Vanguard Group Inc. boosted its position in Repay by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company's stock worth $48,366,000 after acquiring an additional 32,554 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Repay by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company's stock valued at $264,000 after acquiring an additional 3,661 shares in the last quarter. Bayesian Capital Management LP increased its holdings in shares of Repay by 33.8% in the 1st quarter. Bayesian Capital Management LP now owns 30,906 shares of the company's stock valued at $340,000 after purchasing an additional 7,800 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Repay by 8.8% in the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company's stock worth $31,589,000 after purchasing an additional 233,334 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.
Insider Transactions at Repay
In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares of the company's stock, valued at approximately $1,146,263.40. This represents a 4.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. Company insiders own 11.00% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on RPAY. Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. Benchmark reiterated a "buy" rating and issued a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Finally, Barclays decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Repay has a consensus rating of "Moderate Buy" and an average target price of $12.29.
Check Out Our Latest Analysis on Repay
Repay Stock Performance
Repay stock traded up $0.02 during mid-day trading on Friday, reaching $8.05. The company had a trading volume of 1,308,130 shares, compared to its average volume of 711,511. The company has a 50 day moving average of $8.07 and a 200-day moving average of $9.00. The firm has a market cap of $785.92 million, a price-to-earnings ratio of -9.25 and a beta of 1.44. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 52 week low of $7.04 and a 52 week high of $11.27.
Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $79.15 million for the quarter, compared to analysts' expectations of $78.97 million. During the same period in the previous year, the business posted $0.16 earnings per share. Repay's quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.
About Repay
(
Free Report)
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.
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