American Century Companies Inc. Boosts Stock Position in Repay Holdings Corporation $RPAY

Key Points

• American Century Companies Inc. has increased its holdings in Repay Holdings Corporation by 6.1% during the 1st quarter, now owning about 4.54% of the company valued at approximately $24.66 million.
• Several analysts have recently reduced their price targets for Repay, with BMO Capital Markets lowering it from $7.00 to $5.00, indicating a cautious outlook on the stock.
• Repay Holdings Corporation has initiated a $75 million stock buyback program, allowing the company to repurchase up to 19% of its outstanding shares, signaling confidence in its stock value.

American Century Companies Inc. lifted its holdings in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,427,315 shares of the company's stock after purchasing an additional 255,667 shares during the period. American Century Companies Inc. owned about 4.54% of Repay worth $24,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Repay by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company's stock worth $26,569,000 after purchasing an additional 82,196 shares during the period. Wellington Management Group LLP lifted its stake in shares of Repay by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock worth $35,941,000 after purchasing an additional 152,078 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Repay by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after purchasing an additional 243,743 shares during the period. Private Management Group Inc. lifted its stake in shares of Repay by 52.6% in the 1st quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after purchasing an additional 914,529 shares during the period. Finally, Millennium Management LLC increased its holdings in Repay by 120.6% in the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock worth $13,259,000 after acquiring an additional 950,185 shares in the last quarter. Institutional investors own 82.73% of the company's stock.

Repay Price Performance

RPAY traded up $0.01 during trading on Wednesday, reaching $5.84. 619,452 shares of the company traded hands, compared to its average volume of 1,217,493. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. Repay Holdings Corporation has a 12-month low of $3.59 and a 12-month high of $9.75. The firm has a fifty day simple moving average of $5.09 and a 200 day simple moving average of $5.22. The company has a market cap of $532.97 million, a P/E ratio of -4.64 and a beta of 1.64.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The business had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. During the same period last year, the firm posted $0.22 EPS. The company's revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Repay Holdings Corporation will post 0.72 EPS for the current year.

Repay declared that its board has authorized a share repurchase plan on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 19% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on RPAY shares. Canaccord Genuity Group reissued a "buy" rating and issued a $12.00 target price on shares of Repay in a report on Friday, August 22nd. DA Davidson reduced their target price on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. BMO Capital Markets reduced their target price on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Repay from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.22.

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.