Jupiter Asset Management Ltd. decreased its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 46.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 507,748 shares of the company’s stock after selling 434,967 shares during the period. Jupiter Asset Management Ltd. owned about 0.58% of Repay worth $11,927,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Wasatch Advisors Inc. increased its holdings in shares of Repay by 6.7% in the 1st quarter. Wasatch Advisors Inc. now owns 5,868,473 shares of the company’s stock worth $137,792,000 after purchasing an additional 370,773 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Repay by 15.2% in the 1st quarter. BlackRock Inc. now owns 5,209,150 shares of the company’s stock worth $122,312,000 after purchasing an additional 686,402 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Repay by 18.9% in the 1st quarter. Victory Capital Management Inc. now owns 2,175,014 shares of the company’s stock worth $51,069,000 after purchasing an additional 345,764 shares in the last quarter. Oak Ridge Investments LLC increased its holdings in shares of Repay by 720.4% in the 1st quarter. Oak Ridge Investments LLC now owns 1,631,731 shares of the company’s stock worth $38,313,000 after purchasing an additional 1,432,842 shares in the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in shares of Repay in the 4th quarter worth $39,312,000. 89.66% of the stock is owned by institutional investors and hedge funds.
In other news, General Counsel Tyler B. Dempsey sold 10,000 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $23.38, for a total value of $233,800.00. Following the transaction, the general counsel now directly owns 179,971 shares in the company, valued at $4,207,721.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy John Murphy sold 25,267 shares of the business’s stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $25.00, for a total value of $631,675.00. Following the completion of the transaction, the chief financial officer now owns 374,904 shares in the company, valued at $9,372,600. The disclosure for this sale can be found here. Insiders sold 37,421 shares of company stock worth $915,039 over the last 90 days. Company insiders own 16.54% of the company’s stock.
Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Sunday, May 9th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Repay had a positive return on equity of 4.80% and a negative net margin of 28.90%. The business had revenue of $47.52 million for the quarter, compared to the consensus estimate of $44.87 million. During the same period in the previous year, the business earned $0.18 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts anticipate that Repay Holdings Co. will post 0.58 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Repay from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Repay in a research note on Wednesday, March 24th. They issued a “buy” rating and a $29.00 price target on the stock. Wells Fargo & Company upgraded Repay from an “equal weight” rating to an “overweight” rating and set a $29.00 price target on the stock in a research note on Tuesday, March 2nd. Citigroup assumed coverage on Repay in a research note on Wednesday, March 24th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Zacks Investment Research downgraded Repay from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.64.
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding.
Further Reading: Limitations of the P/E Growth ratio
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