Repay Holdings Corporation $RPAY Shares Bought by Sunriver Management LLC

Key Points

• Sunriver Management LLC increased its stake in Repay Holdings Corporation by 2.1%, now owning over 6 million shares valued at approximately $34 million, making Repay 4.2% of its portfolio.
• Repay's stock has been given mixed ratings by analysts, with a consensus target price of $7.22, and several firms have adjusted their price objectives between $4.50 and $10.00.
• The company announced a $75 million share buyback plan to repurchase up to 19% of its shares, indicating the board's belief that the stock is undervalued.

Sunriver Management LLC increased its position in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,168,501 shares of the company's stock after buying an additional 125,133 shares during the period. Repay comprises approximately 4.2% of Sunriver Management LLC's holdings, making the stock its 13th largest holding. Sunriver Management LLC owned about 6.33% of Repay worth $34,359,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Repay during the fourth quarter valued at $27,000. Spire Wealth Management grew its stake in Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after purchasing an additional 2,620 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in Repay in the fourth quarter valued at about $47,000. Teacher Retirement System of Texas purchased a new position in Repay in the first quarter valued at about $61,000. Finally, PharVision Advisers LLC purchased a new position in Repay in the fourth quarter valued at about $114,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on RPAY shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 target price on shares of Repay in a research note on Friday, August 22nd. DA Davidson dropped their price target on Repay from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, BMO Capital Markets dropped their price target on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Repay has a consensus rating of "Hold" and an average target price of $7.22.

Repay Stock Performance

Shares of Repay stock traded up $0.06 on Thursday, reaching $5.94. 679,110 shares of the stock were exchanged, compared to its average volume of 1,216,825. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay Holdings Corporation has a twelve month low of $3.59 and a twelve month high of $9.75. 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 business has a 50 day moving average price of $5.12 and a two-hundred day moving average price of $5.23.

Repay (NASDAQ:RPAY - Get Free Report) last released 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 positive return on equity of 8.89% and a negative net margin of 35.79%.The firm had revenue of $75.63 million during the quarter, compared to the consensus estimate of $74.24 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company's revenue was up .9% compared to the same quarter last year. Analysts anticipate that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

Repay declared that its Board of Directors has initiated a share buyback plan on Monday, May 12th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to purchase up to 19% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management 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.