Johnson Investment Counsel Inc. Boosts Stake in Repay Holdings Corporation $RPAY

Key Points

• Johnson Investment Counsel Inc. has significantly increased its stake in Repay Holdings Corporation by 610.0% during the second quarter, owning approximately $568,000 worth of shares.
• Various institutional investors have also added to their positions in Repay, with 82.73% of the stock being owned by hedge funds and other institutional investors.
• Analysts have mixed ratings on Repay, with a consensus rating of "Hold" and a price target of $7.22, indicating potential for growth.

Johnson Investment Counsel Inc. raised its position in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 610.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,865 shares of the company's stock after buying an additional 101,265 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.12% of Repay worth $568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its position in Repay by 29.8% in the 2nd quarter. Inspire Investing LLC now owns 80,531 shares of the company's stock valued at $388,000 after buying an additional 18,502 shares during the last quarter. Blair William & Co. IL boosted its position in Repay by 136.3% in the 2nd quarter. Blair William & Co. IL now owns 34,635 shares of the company's stock valued at $167,000 after buying an additional 19,975 shares during the last quarter. Bfsg LLC boosted its position in Repay by 45.2% in the 2nd quarter. Bfsg LLC now owns 33,980 shares of the company's stock valued at $164,000 after buying an additional 10,570 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Repay in the 2nd quarter valued at about $206,000. Finally, Pallas Capital Advisors LLC purchased a new position in Repay in the 2nd quarter valued at about $57,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the sale, the executive vice president owned 193,532 shares in the company, valued at $1,139,903.48. This represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Repay in a research report on Tuesday. Canaccord Genuity Group reaffirmed a "buy" rating and set a $12.00 price target on shares of Repay in a research report on Friday, August 22nd. UBS Group increased their price target on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Morgan Stanley increased their price target on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Repay presently has a consensus rating of "Hold" and a consensus price target of $7.22.

Repay Price Performance

RPAY opened at $4.63 on Wednesday. The firm has a market cap of $422.90 million, a price-to-earnings ratio of -3.67 and a beta of 1.60. Repay Holdings Corporation has a fifty-two week low of $3.59 and a fifty-two week high of $9.75. The company's 50-day moving average price is $5.46 and its 200 day moving average price is $4.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. Repay's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, sell-side analysts expect that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay 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.

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