Bank of New York Mellon Corp Buys 34,722 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Bank of New York Mellon Corp lifted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 347,309 shares of the company’s stock after purchasing an additional 34,722 shares during the quarter. Bank of New York Mellon Corp’s holdings in Repay were worth $2,650,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares during the period. Bfsg LLC grew its position in shares of Repay by 29.9% during the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock valued at $127,000 after purchasing an additional 3,830 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Repay by 30.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock worth $153,000 after buying an additional 4,659 shares in the last quarter. R Squared Ltd bought a new stake in Repay during the fourth quarter valued at $36,000. Finally, Westfield Capital Management Co. LP grew its position in Repay by 28.2% during the third quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company’s stock worth $355,000 after buying an additional 9,570 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RPAY shares. Barclays dropped their target price on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. UBS Group reduced their target price on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Stephens reaffirmed an “overweight” rating and set a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group reduced their price objective on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.31.

Repay Stock Down 1.7 %

RPAY opened at $5.78 on Friday. Repay Holdings Co. has a 12 month low of $5.30 and a 12 month high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $6.99 and its 200-day moving average price is $7.66. The company has a market cap of $563.48 million, a P/E ratio of -6.64 and a beta of 1.54.

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.