Principal Financial Group Inc. acquired a new position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 137,514 shares of the company's stock, valued at approximately $1,122,000. Principal Financial Group Inc. owned approximately 0.14% of Repay as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of RPAY. Blue Trust Inc. grew its position in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock worth $29,000 after purchasing an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new stake in Repay during the third quarter worth approximately $59,000. Point72 DIFC Ltd bought a new position in Repay during the 3rd quarter worth $99,000. Entropy Technologies LP acquired a new position in Repay in the 3rd quarter valued at $109,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Repay during the 2nd quarter valued at $142,000. Institutional investors own 82.73% of the company's stock.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reiterated a "buy" rating and set a $13.00 price target on shares of Repay in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.83.
Read Our Latest Stock Analysis on RPAY
Insider Activity at Repay
In other Repay news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares of the company's stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by company insiders.
Repay Trading Up 0.8 %
Shares of NASDAQ:RPAY traded up $0.06 during mid-day trading on Friday, hitting $7.70. The company had a trading volume of 229,295 shares, compared to its average volume of 246,497. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market capitalization of $751.77 million, a PE ratio of -8.85 and a beta of 1.42. The firm has a fifty day moving average price of $8.04 and a 200 day moving average price of $8.50. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27.
Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $78.97 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Repay Holdings Co. will post 0.72 EPS for the current 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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