Repay Holdings Co. (NASDAQ:RPAY) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 49.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,309 shares of the company's stock after purchasing an additional 88,302 shares during the quarter. Federated Hermes Inc. owned about 0.27% of Repay worth $2,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in shares of Repay by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock valued at $1,165,000 after buying an additional 15,141 shares during the period. Barclays PLC raised its stake in shares of Repay by 2,382.5% during 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. lifted its position in shares of Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company's stock worth $4,016,000 after purchasing an additional 112,125 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Repay by 34.0% in the fourth 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 period. Finally, State Street Corp grew its holdings in Repay by 1.1% during the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company's stock valued at $18,578,000 after purchasing an additional 25,057 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Performance

Shares of NASDAQ:RPAY traded down $0.20 on Friday, reaching $4.40. 1,264,627 shares of the company's stock were exchanged, compared to its average volume of 876,419. The business's 50-day moving average is $5.99 and its two-hundred day moving average is $7.20. 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 fifty-two week low of $4.29 and a fifty-two week high of $11.27. The firm has a market capitalization of $428.95 million, a price-to-earnings ratio of -5.06 and a beta of 1.64.

Analyst Ratings Changes

A number of research firms have weighed in on RPAY. Canaccord Genuity Group decreased their price objective on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. UBS Group dropped their price objective on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. DA Davidson reiterated a "buy" rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods dropped their price target on shares of Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. Finally, Stephens reiterated an "overweight" rating and set a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Repay presently has an average rating of "Moderate Buy" and a consensus price target of $9.94.

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.