Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,996,937 shares of the company’s stock after purchasing an additional 32,613 shares during the period. Geode Capital Management LLC’s holdings in Repay were worth $16,298,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Repay in the 3rd quarter worth about $59,000. Point72 DIFC Ltd bought a new stake in Repay in the 3rd quarter valued at about $99,000. Entropy Technologies LP acquired a new stake in shares of Repay in the third quarter valued at approximately $109,000. Finally, Creative Planning bought a new stake in Repay during the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Insider Activity at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Repay has an average rating of “Moderate Buy” and a consensus price target of $12.83.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $7.74 on Monday. The business has a 50-day moving average of $8.04 and a two-hundred day moving average of $8.61. Repay Holdings Co. has a fifty-two week low of $7.04 and a fifty-two week high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market capitalization of $755.68 million, a P/E ratio of -8.90 and a beta of 1.42.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the business earned $0.16 earnings per share. Repay’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

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.