BNP Paribas Financial Markets Takes Position in Repay Holdings Co. (NASDAQ:RPAY)

BNP Paribas Financial Markets purchased a new stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 200,754 shares of the company's stock, valued at approximately $1,532,000. BNP Paribas Financial Markets owned 0.21% of Repay at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in Repay in the 4th quarter worth approximately $27,000. R Squared Ltd bought a new position in shares of Repay in the fourth quarter worth $36,000. Blue Trust Inc. increased its holdings in shares of Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after purchasing an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Repay during the fourth quarter valued at $47,000. Finally, Olympiad Research LP bought a new stake in shares of Repay during the fourth quarter valued at about $80,000. Institutional investors own 82.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on RPAY. BMO Capital Markets lowered their target price on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 13th. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Stephens reissued an "overweight" rating and set a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Finally, Citigroup lowered their price target on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.90.

Insiders Place Their Bets

In other Repay news, President Shaler Alias acquired 15,378 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the transaction, the president now owns 264,782 shares in the company, valued at $1,040,593.26. The trade was a 6.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Andrew Sr. Morris bought 86,761 shares of Repay stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $3.89 per share, with a total value of $337,500.29. Following the completion of the purchase, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at approximately $337,500.29. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 439,702 shares of company stock worth $1,806,974 in the last quarter. 12.00% of the stock is currently owned by corporate insiders.

Repay Price Performance

Shares of NASDAQ RPAY traded down $0.15 during mid-day trading on Wednesday, reaching $4.31. The company had a trading volume of 2,711,962 shares, compared to its average volume of 1,036,492. The company has a 50-day moving average price of $4.74 and a two-hundred day moving average price of $6.60. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a market cap of $428.59 million, a PE ratio of -4.95 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.

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

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

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.