Sei Investments Co. Has $4.01 Million Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Sei Investments Co. grew its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 525,856 shares of the company's stock after acquiring an additional 80,569 shares during the period. Sei Investments Co. owned 0.54% of Repay worth $4,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC acquired a new position in Repay during the 3rd quarter worth about $164,000. Verition Fund Management LLC bought a new stake in shares of Repay during the third quarter valued at approximately $171,000. Paloma Partners Management Co acquired a new stake in shares of Repay in the third quarter valued at approximately $219,000. Point72 DIFC Ltd acquired a new stake in shares of Repay in the third quarter valued at approximately $99,000. Finally, State Street Corp lifted 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 worth $18,578,000 after buying an additional 25,057 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Trading Up 1.0 %

RPAY stock traded up $0.05 during midday trading on Monday, hitting $5.16. 2,321,313 shares of the company's stock were exchanged, compared to its average volume of 841,581. Repay Holdings Co. has a one year low of $4.19 and a one year high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market cap of $503.04 million, a PE ratio of -5.93 and a beta of 1.64. The stock's fifty day moving average price is $6.55 and its 200-day moving average price is $7.43.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stephens restated an "overweight" rating and set a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. DA Davidson reiterated a "buy" rating and set a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Canaccord Genuity Group reduced their price target on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group dropped their price objective on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Three 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 has a consensus rating of "Moderate Buy" and an average target price of $10.31.

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.