Ranger Investment Management L.P. Reduces Stake in Repay Holdings Co. (NASDAQ:RPAY)

Ranger Investment Management L.P. lowered its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,846,895 shares of the company's stock after selling 56,965 shares during the quarter. Ranger Investment Management L.P. owned approximately 2.92% of Repay worth $21,722,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Repay by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock valued at $1,165,000 after acquiring an additional 15,141 shares during the period. Barclays PLC grew its position in shares of Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the period. JPMorgan Chase & Co. increased its stake in Repay by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company's stock worth $4,016,000 after buying an additional 112,125 shares in the last quarter. Empowered Funds LLC raised its stake in Repay by 34.0% in the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock valued at $3,630,000 after purchasing an additional 120,777 shares during the last quarter. Finally, State Street Corp raised its position in shares of Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company's stock valued at $18,578,000 after buying an additional 25,057 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RPAY shares. Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, January 6th. UBS Group reduced their price target on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Barclays cut their price objective on shares of Repay from $11.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. DA Davidson reaffirmed a "buy" rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Finally, Stephens restated an "overweight" rating and set a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.31.

Repay Trading Down 4.6 %

NASDAQ:RPAY traded down $0.21 during trading hours on Monday, reaching $4.36. 231,977 shares of the stock were exchanged, compared to its average volume of 860,151. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $425.05 million, a price-to-earnings ratio of -5.01 and a beta of 1.64. The business has a 50-day moving average of $6.25 and a two-hundred day moving average of $7.29. Repay Holdings Co. has a twelve month low of $4.32 and a twelve month high of $11.27.

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.