Vanguard Group Inc. Sells 136,501 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Vanguard Group Inc. lowered its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,687,878 shares of the company's stock after selling 136,501 shares during the period. Vanguard Group Inc. owned approximately 4.80% of Repay worth $35,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RPAY. Verition Fund Management LLC purchased a new stake in Repay in the 3rd quarter worth approximately $171,000. State Street Corp grew its holdings in Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company's stock worth $18,578,000 after purchasing an additional 25,057 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Repay during the 3rd quarter valued at approximately $208,000. Barclays PLC boosted its holdings in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after acquiring an additional 1,427,078 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Repay by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company's stock worth $16,298,000 after acquiring an additional 32,613 shares during the last quarter. Institutional investors own 82.73% of the company's stock.

Repay Stock Performance

RPAY traded down $0.20 during midday trading on Friday, reaching $4.40. The company had a trading volume of 1,264,627 shares, compared to its average volume of 878,023. Repay Holdings Co. has a 1 year low of $4.29 and a 1 year high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market cap of $428.95 million, a P/E ratio of -5.06 and a beta of 1.64. The business has a 50-day moving average of $5.94 and a two-hundred day moving average of $7.18.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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 note on Monday, January 6th. BMO Capital Markets decreased their price target on Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th. DA Davidson reaffirmed a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Barclays decreased their target price on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday. Finally, 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 report on Tuesday, March 4th. Three equities research 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, the company presently 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.