Repay Holdings Co. (NASDAQ:RPAY) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,710,491 shares of the company's stock after purchasing an additional 152,078 shares during the period. Wellington Management Group LLP owned approximately 4.82% of Repay worth $35,941,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RPAY. 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 valued at $12,134,000 after purchasing an additional 1,427,078 shares during the last quarter. Private Management Group Inc. raised its position in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock valued at $13,277,000 after purchasing an additional 726,058 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Repay by 60.6% during the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company's stock valued at $13,826,000 after buying an additional 683,548 shares during the last quarter. River Road Asset Management LLC grew its position in shares of Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock worth $19,006,000 after buying an additional 599,840 shares in the last quarter. Finally, Aequim Alternative Investments LP grew its position in shares of Repay by 640.7% during the third quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company's stock worth $4,720,000 after buying an additional 500,384 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RPAY has been the topic of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. BMO Capital Markets reduced their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 4th. Barclays lowered their price objective on Repay from $11.00 to $9.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Keefe, Bruyette & Woods reduced their target price 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, Stephens reiterated an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $10.31.

Repay Stock Performance

Shares of Repay stock traded up $0.07 on Friday, reaching $4.57. 1,366,868 shares of the company were exchanged, compared to its average volume of 860,376. The firm has a market cap of $445.52 million, a price-to-earnings ratio of -5.25 and a beta of 1.64. Repay Holdings Co. has a 1-year low of $4.39 and a 1-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's 50-day moving average is $6.25 and its two-hundred day moving average is $7.30.

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.