AlphaQuest LLC Sells 62,513 Shares of Repay Holdings Corporation $RPAY

Key Points

• AlphaQuest LLC significantly reduced its stake in Repay Holdings Corporation by 89.5%, selling 62,513 shares, while holding only 7,348 shares valued at $41,000 at the end of the last quarter.
• Multiple institutional investors, including Wellington Management and Vanguard Group, increased their stakes in Repay, highlighting continued interest in the stock despite changes in other holdings.
• Analysts have mixed ratings on Repay, with a recent upgrade to a "buy" from Wall Street Zen, while still maintaining a consensus target price of $7.22 for the stock.

AlphaQuest LLC reduced its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 89.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,348 shares of the company's stock after selling 62,513 shares during the quarter. AlphaQuest LLC's holdings in Repay were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after purchasing an additional 2,620 shares during the period. Teacher Retirement System of Texas purchased a new stake in Repay in the 1st quarter valued at $61,000. PharVision Advisers LLC purchased a new stake in Repay in the 4th quarter valued at $114,000. Bfsg LLC lifted its stake in shares of Repay by 40.5% in the 1st quarter. Bfsg LLC now owns 23,410 shares of the company's stock valued at $130,000 after purchasing an additional 6,750 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Repay during the 1st quarter worth about $139,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RPAY shares. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 price objective on shares of Repay in a research report on Friday, August 22nd. Citigroup dropped their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a report on Monday, May 19th. Morgan Stanley raised their price target on Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods lifted their target price on Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research note on Tuesday, August 12th. Finally, DA Davidson reduced their price target on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.22.

Repay Stock Performance

RPAY stock traded up $0.19 on Friday, reaching $5.88. The company's stock had a trading volume of 457,157 shares, compared to its average volume of 958,677. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $537.06 million, a P/E ratio of -4.67 and a beta of 1.62. The firm has a fifty day moving average of $5.27 and a two-hundred day moving average of $5.13. Repay Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $9.75.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company had revenue of $75.63 million for the quarter, compared to the consensus estimate of $74.24 million. During the same period in the previous year, the business earned $0.22 EPS. The company's revenue was up .9% on a year-over-year basis. As a group, analysts predict that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Repay announced that its Board of Directors has initiated a stock buyback plan on Monday, May 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 19% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.