American Century Companies Inc. Grows Stock Holdings 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. increased its holdings in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,427,315 shares of the company's stock after acquiring 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 quarter.

Several other institutional investors also recently modified their holdings of RPAY. Nuveen LLC bought a new position in shares of Repay in the first quarter valued at approximately $5,764,000. Millennium Management LLC grew its holdings in shares of Repay by 120.6% in the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock valued at $13,259,000 after acquiring an additional 950,185 shares in the last quarter. Private Management Group Inc. grew its holdings in Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock valued at $14,787,000 after purchasing an additional 914,529 shares during the period. Sovereign s Capital Management LLC bought a new position in Repay during the fourth quarter valued at $4,408,000. Finally, Bridgeway Capital Management LLC grew its holdings in Repay by 58.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 720,818 shares of the company's stock valued at $5,500,000 after purchasing an additional 265,777 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Stock Performance

Shares of Repay stock traded up $0.05 during trading hours on Thursday, reaching $5.93. The company had a trading volume of 92,024 shares, compared to its average volume of 1,213,131. Repay Holdings Corporation has a one year low of $3.59 and a one year high of $9.75. The business has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $5.23. 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 firm has a market cap of $541.74 million, a PE ratio of -4.69 and a beta of 1.64.

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

Repay announced that its board has authorized a share buyback plan on Monday, May 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 19% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several research reports. Morgan Stanley increased their price objective on Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. BMO Capital Markets reduced their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. DA Davidson reduced their price objective on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. UBS Group increased their price objective on Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $12.00 price objective on shares of Repay in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.22.

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.