Dimensional Fund Advisors LP Grows Stake in Repay Holdings Co. (NASDAQ:RPAY)

Dimensional Fund Advisors LP raised its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,339,948 shares of the company's stock after purchasing an additional 243,743 shares during the quarter. Dimensional Fund Advisors LP owned 4.45% of Repay worth $33,114,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Repay by 81.2% during the fourth quarter. Marshall Wace LLP now owns 782,098 shares of the company's stock valued at $5,967,000 after acquiring an additional 350,424 shares in the last quarter. Sunriver Management LLC increased its holdings in shares of Repay by 11.6% in the 4th 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 in the last quarter. Barclays PLC raised its stake in shares of Repay by 1.5% in the fourth quarter. Barclays PLC now owns 1,509,813 shares of the company's stock worth $11,520,000 after purchasing an additional 22,836 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Repay by 1.4% during the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Repay by 0.8% during the fourth quarter. Bank of Montreal Can now owns 1,312,355 shares of the company's stock valued at $10,013,000 after buying an additional 10,833 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Price Performance

RPAY stock traded up $0.03 during trading on Friday, reaching $3.96. The company's stock had a trading volume of 1,138,988 shares, compared to its average volume of 957,670. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company's fifty day moving average is $4.99 and its 200-day moving average is $6.78. The company has a market capitalization of $386.05 million, a P/E ratio of -4.55 and a beta of 1.61. Repay Holdings Co. has a 1 year low of $3.59 and a 1 year high of $11.27.

Analyst Ratings Changes

Several equities analysts have issued reports on RPAY shares. Barclays lowered their target price on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group lowered their price target on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Finally, UBS Group dropped their target price on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.94.

Repay 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.