Nuveen LLC Invests $5.76 Million in Repay Holdings Corporation $RPAY

Key Points

• Nuveen LLC acquired 1,034,820 shares of Repay Holdings Corporation (NASDAQ:RPAY) for approximately $5,764,000, representing 1.06% ownership as of the latest SEC filing.
• Repay recently reported a quarterly EPS of $0.20, consistent with analysts' estimates, and a 0.9% increase in year-over-year revenue to $75.63 million.
• The company initiated a stock buyback program allowing the repurchase of up to $75 million in shares, indicating a belief that its stock is undervalued.

Nuveen LLC acquired a new stake in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,034,820 shares of the company's stock, valued at approximately $5,764,000. Nuveen LLC owned about 1.06% of Repay as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPAY. Quarry LP purchased a new stake in Repay in the 4th quarter valued at about $27,000. Spire Wealth Management increased its stake in Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after buying an additional 2,620 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Repay during the 4th quarter worth approximately $47,000. Teacher Retirement System of Texas purchased a new stake in shares of Repay during the 1st quarter worth approximately $61,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Repay during the 4th quarter worth approximately $114,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

Repay Trading Up 1.0%

NASDAQ:RPAY traded up $0.06 during trading hours on Thursday, reaching $5.94. The company's stock had a trading volume of 679,110 shares, compared to its average volume of 1,040,909. The firm has a market capitalization of $542.56 million, a price-to-earnings ratio of -4.71 and a beta of 1.64. The firm has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $5.21. Repay Holdings Corporation has a 1 year low of $3.59 and a 1 year high of $9.75. 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 earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company had revenue of $75.63 million for the quarter, compared to analysts' expectations of $74.24 million. During the same quarter last year, the company earned $0.22 EPS. The firm's revenue was up .9% compared to the same quarter last year. Research analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Repay declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RPAY shares. UBS Group raised their price target on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. DA Davidson decreased their price target on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Citigroup decreased their price target on shares of Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. BMO Capital Markets decreased their price target on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $12.00 price target on shares of Repay in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.22.

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.