American Century Companies Inc. Buys 267,184 Shares of Repay Holdings Co. (NASDAQ:RPAY)

American Century Companies Inc. raised its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,171,648 shares of the company's stock after buying an additional 267,184 shares during the quarter. American Century Companies Inc. owned about 4.27% of Repay worth $31,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in Repay in the 3rd quarter valued at $164,000. Bank of Montreal Can lifted its holdings in shares of Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock valued at $10,594,000 after purchasing an additional 1,286,917 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Repay during the third quarter worth about $601,000. Verition Fund Management LLC bought a new position in shares of Repay during the third quarter worth about $171,000. Finally, Paloma Partners Management Co acquired a new stake in Repay in the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Performance

Repay stock traded up $0.13 during midday trading on Wednesday, reaching $5.77. 5,149,140 shares of the company's stock were exchanged, compared to its average volume of 813,940. The stock's 50-day simple moving average is $6.69 and its 200 day simple moving average is $7.50. The firm has a market cap of $562.51 million, a price-to-earnings ratio of -6.63 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a 52 week low of $5.30 and a 52 week high of $11.27.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RPAY shares. BMO Capital Markets decreased their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th. UBS Group decreased their target price on shares of Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group cut their price target on shares of Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Stephens restated an "overweight" rating and issued a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their target price on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Repay presently has a consensus rating of "Moderate Buy" and an average target price of $10.31.

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.