Russell Investments Group Ltd. Increases Stock Position in Repay Holdings Corporation $RPAY

Key Points

• Russell Investments Group Ltd. increased its stake in Repay Holdings Corporation by 26.1%, now owning approximately 1.26% of the company, valued at $6.87 million.
• Multiple hedge funds, including Vanguard Group Inc. and Millennium Management LLC, also raised their stakes in Repay, reflecting significant institutional interest with over 82.73% of the company's shares held by institutional investors.
• Repay's stock price is currently around $5.53, with a market capitalization of $549.90 million and analysts predicting an EPS of 0.72 for the current fiscal year amidst varied price targets and ratings.

Russell Investments Group Ltd. increased its position in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,232,789 shares of the company's stock after acquiring an additional 255,311 shares during the period. Russell Investments Group Ltd. owned approximately 1.26% of Repay worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in Repay during the 4th quarter worth approximately $27,000. Johnson Financial Group Inc. bought a new stake in Repay during the 4th quarter worth approximately $47,000. Spire Wealth Management grew its stake in Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after buying an additional 2,620 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Repay in the 1st quarter worth approximately $61,000. Finally, PharVision Advisers LLC purchased a new position in Repay in the 4th quarter worth approximately $114,000. Institutional investors own 82.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RPAY shares. Wall Street Zen raised shares of Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Citigroup cut 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. Morgan Stanley boosted their price target on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Canaccord Genuity Group reissued a "buy" rating and issued a $12.00 price target on shares of Repay in a research note on Friday. Finally, BMO Capital Markets cut 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. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Repay currently has an average rating of "Hold" and a consensus target price of $7.22.

Repay Trading Up 1.7%

Shares of Repay stock traded up $0.10 during trading on Tuesday, reaching $5.83. The company's stock had a trading volume of 734,057 shares, compared to its average volume of 1,039,678. The company has a market cap of $532.51 million, a price-to-earnings ratio of -4.63 and a beta of 1.64. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The firm's 50-day moving average is $5.09 and its two-hundred day moving average is $5.22. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million during the quarter, compared to analysts' expectations of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. On average, sell-side analysts anticipate that Repay Holdings Corporation will post 0.72 earnings per share for the current year.

Repay announced that its Board of Directors has authorized a stock buyback plan on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to buy up to 19% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.