Cubist Systematic Strategies LLC Sells 200,899 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Cubist Systematic Strategies LLC cut its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 81.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,569 shares of the company's stock after selling 200,899 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Repay were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sunriver Management LLC raised its position in shares of Repay by 11.6% during the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock worth $46,111,000 after purchasing an additional 626,528 shares during the period. Wellington Management Group LLP lifted its position in shares of Repay by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock valued at $35,941,000 after purchasing an additional 152,078 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Repay by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after buying an additional 243,743 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company's stock valued at $31,830,000 after acquiring an additional 267,184 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after acquiring an additional 599,840 shares in the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on RPAY. Barclays reduced their target price on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. UBS Group reduced their target price on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wall Street Zen lowered Repay from a "buy" rating to a "hold" rating in a report on Thursday. BMO Capital Markets reduced their target price on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Repay presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.90.

Repay Stock Performance

NASDAQ RPAY traded up $0.14 on Thursday, hitting $4.45. 628,407 shares of the stock traded hands, compared to its average volume of 1,035,062. The business's fifty day moving average is $4.72 and its two-hundred day moving average is $6.59. Repay Holdings Co. has a 12 month low of $3.59 and a 12 month high of $11.27. The firm has a market capitalization of $442.01 million, a price-to-earnings ratio of -5.10 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $77.33 million for the quarter, compared to analysts' expectations of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, equities analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Repay declared that its board has approved a share buyback plan on Monday, May 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Repay news, President Shaler Alias acquired 15,378 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the transaction, the president now owns 264,782 shares of the company's stock, valued at approximately $1,040,593.26. This represents a 6.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the transaction, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at $337,500.29. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 439,702 shares of company stock worth $1,806,974. Corporate insiders own 12.00% of the company's stock.

About Repay

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.