Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Sunriver Management LLC

Sunriver Management LLC boosted its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,043,368 shares of the company's stock after buying an additional 626,528 shares during the period. Repay makes up about 5.5% of Sunriver Management LLC's investment portfolio, making the stock its 7th biggest position. Sunriver Management LLC owned approximately 6.19% of Repay worth $46,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Repay in the 4th quarter valued at $36,000. Blue Trust Inc. lifted its stake in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after buying an additional 2,077 shares in the last quarter. Olympiad Research LP bought a new position in Repay in the fourth quarter valued at approximately $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Repay in the fourth quarter valued at approximately $106,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Repay during the fourth quarter worth $111,000. 82.73% of the stock is owned by institutional investors.

Repay Stock Performance

Shares of NASDAQ:RPAY traded down $0.20 on Friday, hitting $4.40. The company had a trading volume of 1,264,627 shares, compared to its average volume of 878,023. The stock has a 50 day moving average price of $5.94 and a 200 day moving average price of $7.18. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $428.95 million, a price-to-earnings ratio of -5.06 and a beta of 1.64. Repay Holdings Co. has a 1-year low of $4.29 and a 1-year high of $11.27.

Analyst Ratings Changes

A number of brokerages recently weighed in on RPAY. DA Davidson reaffirmed a "buy" rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Canaccord Genuity Group decreased their price objective on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. UBS Group cut their target price on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays lowered their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, BMO Capital Markets reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.