Dimensional Fund Advisors LP Reduces Holdings in Repay Holdings Corporation $RPAY

Key Points

• Dimensional Fund Advisors cut its Repay Holdings stake by 17.8% in the first quarter, selling 638,724 shares and retaining 2.94 million shares, or approximately 3.23% of the company. Institutional investors collectively own 82.73% of RPAY.
• Analyst sentiment is mixed: the consensus rating is Hold with an average price target of $5.32, while recent targets range from $3.75 to $6.00.
• Repay’s shares opened at $3.83, within a 12-month range of $2.30 to $6.05. Its latest quarterly results slightly missed expectations, with earnings of $0.20 per share and revenue of $100.71 million.

Dimensional Fund Advisors LP lowered its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,944,447 shares of the company's stock after selling 638,724 shares during the quarter. Dimensional Fund Advisors LP owned about 3.23% of Repay worth $7,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Management Group Inc. grew its position in Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company's stock worth $19,756,000 after purchasing an additional 1,263,399 shares during the last quarter. Sunriver Management LLC increased its stake in Repay by 11.0% during the 4th quarter. Sunriver Management LLC now owns 4,361,524 shares of the company's stock valued at $15,920,000 after purchasing an additional 433,524 shares in the last quarter. Whetstone Capital Advisors LLC raised its holdings in shares of Repay by 1,832.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company's stock worth $9,959,000 after buying an additional 2,587,400 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company's stock worth $12,065,000 after buying an additional 428,289 shares during the period. Finally, Kent Lake PR LLC acquired a new stake in shares of Repay during the second quarter worth $7,230,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RPAY has been the topic of several research reports. UBS Group upped their target price on Repay from $3.75 to $4.25 and gave the company a "neutral" rating in a research report on Wednesday, June 3rd. Stephens downgraded Repay from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $7.00 to $3.75 in a research note on Tuesday, May 5th. DA Davidson reiterated a "buy" rating and set a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Finally, Weiss Ratings lowered Repay from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.32.

Repay Stock Down 3.0%

RPAY stock opened at $3.83 on Tuesday. The firm's fifty day simple moving average is $3.78 and its 200-day simple moving average is $3.43. The company has a market capitalization of $363.70 million, a P/E ratio of -1.25 and a beta of 1.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. Repay Holdings Corporation has a 12 month low of $2.30 and a 12 month high of $6.05.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. As a group, equities research analysts forecast that Repay Holdings Corporation will post 0.66 earnings per share for the current year.

Repay Company Profile

Repay Holdings Corp. Nasdaq: RPAY is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company's platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay's offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.

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