Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Bank of America Corp DE

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

A number of other large investors also recently bought and sold shares of RPAY. Blue Trust Inc. raised its holdings in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after purchasing an additional 2,077 shares during the period. Empowered Funds LLC increased its stake in Repay by 34.0% during the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock worth $3,630,000 after buying an additional 120,777 shares in the last quarter. Principal Financial Group Inc. increased its stake in Repay by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock worth $1,165,000 after buying an additional 15,141 shares in the last quarter. Bfsg LLC increased its stake in Repay by 29.9% during the 4th quarter. Bfsg LLC now owns 16,660 shares of the company's stock worth $127,000 after buying an additional 3,830 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in Repay during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Trading Up 1.4%

Shares of Repay stock opened at $5.22 on Friday. The firm has a market capitalization of $519.08 million, a price-to-earnings ratio of -6.00 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 $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a 50 day moving average of $4.49 and a 200 day moving average of $6.28.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $77.33 million during the quarter, compared to analysts' expectations 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 revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. As a group, research analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Repay declared that its board has approved a share repurchase program on Monday, May 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO John Andrew Sr. Morris purchased 163,041 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were bought at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the purchase, the chief executive officer now directly owns 253,041 shares of the company's stock, valued at approximately $1,062,772.20. This trade represents a 181.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Shaler Alias purchased 15,378 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the purchase, the president now directly owns 264,782 shares of the company's stock, valued at $1,040,593.26. This represents a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 439,702 shares of company stock worth $1,806,974. Company insiders own 12.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on RPAY. Barclays cut their price objective on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group cut their price objective on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Stephens restated an "overweight" rating and issued a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Wall Street Zen lowered Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $4.50 price target on Repay in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average target price of $7.90.

Repay Company 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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