Bank of America Corp DE Decreases Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Bank of America Corp DE decreased its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 73.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,225 shares of the company's stock after selling 324,567 shares during the period. Bank of America Corp DE owned 0.12% of Repay worth $887,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Repay by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock valued at $1,165,000 after acquiring an additional 15,141 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Repay by 21.4% in the 4th quarter. Jane Street Group LLC now owns 60,911 shares of the company's stock worth $465,000 after acquiring an additional 10,745 shares during the period. Empowered Funds LLC boosted its position in shares of Repay by 34.0% during the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock valued at $3,630,000 after purchasing an additional 120,777 shares in the last quarter. Barclays PLC raised its holdings in shares of Repay by 1.5% during the fourth quarter. Barclays PLC now owns 1,509,813 shares of the company's stock valued at $11,520,000 after acquiring an additional 22,836 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Repay by 15.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company's stock valued at $264,000 after buying an additional 4,635 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Repay

In other news, President Shaler Alias purchased 15,378 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the acquisition, the president now directly owns 264,782 shares in the company, valued at approximately $1,040,593.26. This trade represents a 6.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $3.89 per share, for a total transaction of $337,500.29. Following the transaction, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at $337,500.29. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is currently owned by corporate insiders.

Repay Stock Down 2.1%

Shares of RPAY traded down $0.11 during mid-day trading on Wednesday, hitting $5.15. 1,066,728 shares of the company's stock were exchanged, compared to its average volume of 1,109,792. The stock's 50-day moving average is $4.47 and its 200-day moving average is $6.23. The company has a market cap of $512.12 million, a price-to-earnings ratio of -5.92 and a beta of 1.60. Repay Holdings Co. has a fifty-two week low of $3.59 and a fifty-two week high of $11.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $77.33 million for 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 quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. On average, sell-side analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay declared that its Board of Directors 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 reacquire up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

RPAY has been the topic of a number of recent research reports. Barclays decreased their price target on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group reduced their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Morgan Stanley set a $4.50 price target on Repay in a research note on Wednesday, May 14th. Stephens reissued an "overweight" rating and set a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Finally, DA Davidson reissued a "buy" rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.90.

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.