BNP Paribas Financial Markets Takes $1.53 Million Position in Repay Holdings Co. (NASDAQ:RPAY)

BNP Paribas Financial Markets bought a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 200,754 shares of the company's stock, valued at approximately $1,532,000. BNP Paribas Financial Markets owned about 0.21% of Repay as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of RPAY. Quarry LP purchased a new stake in shares of Repay in the fourth quarter valued at approximately $27,000. R Squared Ltd purchased a new stake in shares of Repay in the fourth quarter valued at approximately $36,000. Blue Trust Inc. boosted its holdings in shares of Repay by 57.9% in 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. purchased a new stake in shares of Repay in the fourth quarter valued at approximately $47,000. Finally, Olympiad Research LP purchased a new stake in shares of Repay in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

Insiders Place Their Bets

In related news, CEO John Andrew Sr. Morris purchased 163,041 shares of Repay stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $4.20 per share, for a total transaction of $684,772.20. Following the transaction, the chief executive officer now directly owns 253,041 shares in the company, valued at approximately $1,062,772.20. This trade represents a 181.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Shaler Alias purchased 174,404 shares of Repay stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $4.15 per share, with a total value of $723,776.60. Following the transaction, the president now owns 249,404 shares in the company, valued at approximately $1,035,026.60. The trade was a 232.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 439,702 shares of company stock worth $1,806,974. Company insiders own 12.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price objective on shares of Repay from $6.50 to $4.50 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets dropped their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Barclays dropped their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, DA Davidson reissued a "buy" rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.90.

Repay Stock Performance

NASDAQ:RPAY traded down $0.20 during mid-day trading on Friday, hitting $4.33. The company's stock had a trading volume of 2,454,292 shares, compared to its average volume of 1,056,903. Repay Holdings Co. has a 1 year low of $3.59 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market cap of $430.58 million, a price-to-earnings ratio of -4.98 and a beta of 1.61. The business's fifty day moving average is $4.66 and its two-hundred day moving average is $6.52.

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

Repay announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 19% of its shares through open market purchases. Shares buyback 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.