Deutsche Bank AG Trims Holdings in Repay Holdings Corporation $RPAY

Key Points

• Deutsche Bank AG reduced its stake in Repay Holdings Corporation by 9.7%, selling 103,943 shares and owning 1.00% of the company valued at $5.41 million.
• Repay reported quarterly earnings of $0.20 per share, meeting analysts' expectations, with a revenue increase of 0.9% year-over-year to $75.63 million.
• The company's board has authorized a $75 million share repurchase program, indicating confidence that the shares are undervalued.

Deutsche Bank AG cut its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 971,286 shares of the company's stock after selling 103,943 shares during the quarter. Deutsche Bank AG owned approximately 1.00% of Repay worth $5,410,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Repay during the 4th quarter valued at approximately $27,000. Spire Wealth Management grew its stake in shares of Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after acquiring an additional 2,620 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Repay during the 4th quarter valued at approximately $47,000. Teacher Retirement System of Texas bought a new position in shares of Repay during the 1st quarter valued at approximately $61,000. Finally, PharVision Advisers LLC bought a new position in shares of Repay during the 4th quarter valued at approximately $114,000. 82.73% of the stock is currently owned by institutional investors.

Repay Price Performance

Shares of RPAY traded up $0.06 during mid-day trading on Tuesday, hitting $5.59. 790,223 shares of the stock were exchanged, compared to its average volume of 1,236,213. The company has a market cap of $555.87 million, a PE ratio of -4.44 and a beta of 1.64. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75. The firm has a 50-day moving average of $5.00 and a two-hundred day moving average of $5.28. 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 (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 the consensus estimate of $0.20. The business had revenue of $75.63 million for the quarter, compared to analysts' expectations of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The company's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities analysts predict that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay announced that its board has authorized a share repurchase program on Monday, May 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson cut their price objective on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Morgan Stanley upped 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 upped their price target on Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, UBS Group upped their price target on Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.