River Road Asset Management LLC Purchases 599,840 Shares of Repay Holdings Co. (NASDAQ:RPAY)

River Road Asset Management LLC raised its stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,490,949 shares of the company's stock after buying an additional 599,840 shares during the quarter. River Road Asset Management LLC owned about 2.55% of Repay worth $19,006,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RPAY. Creative Planning acquired a new stake in Repay during the 3rd quarter valued at $115,000. Principal Financial Group Inc. acquired a new stake in Repay during the 3rd quarter valued at $1,122,000. Entropy Technologies LP acquired a new stake in Repay during the 3rd quarter valued at $109,000. GSA Capital Partners LLP acquired a new stake in Repay during the 3rd quarter valued at $972,000. Finally, Empowered Funds LLC grew its holdings in Repay by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 355,041 shares of the company's stock valued at $2,897,000 after buying an additional 18,090 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company's stock.

Wall Street Analysts Forecast Growth

RPAY has been the topic of a number of analyst reports. DA Davidson reiterated a "buy" rating and set a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Stephens restated an "overweight" rating and set a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Barclays decreased their price objective on Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a report on Monday. Keefe, Bruyette & Woods decreased their price objective on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Finally, Canaccord Genuity Group decreased their price objective on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $10.31.

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Repay Stock Up 2.3 %

NASDAQ:RPAY traded up $0.13 during mid-day trading on Friday, hitting $5.67. The company had a trading volume of 634,714 shares, compared to its average volume of 575,613. The business has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $7.75. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 1 year low of $5.30 and a 1 year high of $11.27. The firm has a market capitalization of $552.76 million, a price-to-earnings ratio of -6.52 and a beta of 1.54.

About Repay

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.