Squarepoint Ops LLC Acquires 72,026 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Squarepoint Ops LLC increased its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,408 shares of the company's stock after buying an additional 72,026 shares during the period. Squarepoint Ops LLC owned 0.30% of Repay worth $2,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RPAY. Sunriver Management LLC boosted its holdings in Repay by 11.6% during the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock valued at $46,111,000 after acquiring an additional 626,528 shares during the period. Wellington Management Group LLP increased its stake in shares of Repay by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock worth $35,941,000 after purchasing an additional 152,078 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Repay by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after purchasing an additional 243,743 shares during the last quarter. American Century Companies Inc. boosted its stake in Repay by 6.8% during the 4th quarter. American Century Companies Inc. now owns 4,171,648 shares of the company's stock valued at $31,830,000 after purchasing an additional 267,184 shares during the period. Finally, River Road Asset Management LLC grew its holdings in Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after buying an additional 599,840 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

NASDAQ RPAY traded up $0.14 on Monday, reaching $4.95. The company's stock had a trading volume of 1,506,697 shares, compared to its average volume of 1,092,163. Repay Holdings Co. has a 52 week low of $3.59 and a 52 week high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market cap of $492.23 million, a PE ratio of -5.69 and a beta of 1.61. The business has a 50-day moving average price of $4.53 and a 200 day moving average price of $6.34.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has initiated a stock buyback plan on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

RPAY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th. UBS Group cut their target price on shares of Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets dropped their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Finally, DA Davidson reiterated a "buy" rating and issued a $14.00 target price 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.90.

Insider Activity at Repay

In other news, President Shaler Alias acquired 15,378 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the acquisition, the president now owns 264,782 shares in the company, valued at approximately $1,040,593.26. This represents a 6.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Andrew Sr. Morris bought 163,041 shares of Repay stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the acquisition, the chief executive officer now directly owns 253,041 shares in the company, valued at $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 439,702 shares of company stock valued at $1,806,974 in the last 90 days. 12.00% of the stock is owned by corporate insiders.

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.