Sunriver Management LLC Purchases 125,133 Shares of Repay Holdings Corporation $RPAY

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 lifted its holdings in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,168,501 shares of the company's stock after acquiring an additional 125,133 shares during the period. Repay accounts for approximately 4.2% of Sunriver Management LLC's holdings, making the stock its 13th biggest holding. Sunriver Management LLC owned 6.33% of Repay worth $34,359,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management increased its holdings in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after purchasing an additional 2,620 shares during the period. Principal Financial Group Inc. increased its position in shares of Repay by 9.0% during the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock worth $927,000 after purchasing an additional 13,722 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Repay by 42.8% during the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock worth $186,000 after purchasing an additional 7,323 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Repay by 3.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company's stock valued at $1,029,000 after buying an additional 4,980 shares during the last quarter. Finally, Private Management Group Inc. boosted its holdings in Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock valued at $14,787,000 after purchasing an additional 914,529 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Stock Up 0.9%

Shares of NASDAQ RPAY traded up $0.06 during mid-day trading on Friday, reaching $6.00. The company had a trading volume of 250,751 shares, compared to its average volume of 1,210,921. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $547.57 million, a PE ratio of -4.76 and a beta of 1.64. Repay Holdings Corporation has a twelve month low of $3.59 and a twelve month high of $9.75. The stock's 50 day moving average is $5.14 and its 200-day moving average is $5.21.

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

Repay announced that its Board of Directors has approved a stock repurchase program on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 target price on shares of Repay in a research note on Friday, August 22nd. UBS Group lifted their target price on shares of Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. BMO Capital Markets dropped their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.22.

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.