125,928 Shares in Repay Holdings Corporation (NASDAQ:RPAY) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 125,928 shares of Repay Holdings Corporation during the first quarter, valued at approximately $701,000, and now owns 0.13% of the company.
• Insider transactions increased with CEO John Andrew Sr. Morris buying 86,761 shares at $3.89 per share, while President Shaler Alias acquired 15,378 shares at $3.93 per share, reflecting strong internal confidence.
• Repay's Board of Directors authorized a $75 million share buyback, indicating that they believe the company's stock is currently undervalued.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 125,928 shares of the company's stock, valued at approximately $701,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Repay at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RPAY. 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. Principal Financial Group Inc. boosted its stake in shares of Repay by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock valued at $927,000 after purchasing an additional 13,722 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Repay by 42.8% in the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock valued at $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 boosted its stake in shares of Repay by 3.8% in the 4th 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 purchasing an additional 4,980 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Repay by 21.4% in the 4th quarter. Jane Street Group LLC now owns 60,911 shares of the company's stock valued at $465,000 after purchasing an additional 10,745 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RPAY shares. Citigroup cut their price objective 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. BMO Capital Markets lowered their price target on shares of Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. UBS Group lowered their price target on shares of Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price target on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Finally, Barclays lowered their price target on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Repay presently has an average rating of "Moderate Buy" and an average target price of $7.90.

Repay Stock Up 3.1%

NASDAQ RPAY traded up $0.16 during trading hours on Wednesday, reaching $5.14. 416,050 shares of the company's stock traded hands, compared to its average volume of 1,224,894. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75. The firm has a market cap of $510.62 million, a PE ratio of -34.30 and a beta of 1.64. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.71 and a quick ratio of 3.71.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. Repay had a negative net margin of 4.16% and a positive return on equity of 8.49%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Sell-side analysts anticipate that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Repay announced that its Board of Directors has approved a share buyback plan on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 19% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Repay

In related news, CEO John Andrew Sr. Morris bought 163,041 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $4.20 per share, with a total value of $684,772.20. Following the transaction, the chief executive officer owned 253,041 shares in the company, valued at approximately $1,062,772.20. This trade represents a 181.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Shaler Alias bought 174,404 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $4.15 per share, for a total transaction of $723,776.60. Following the transaction, the president owned 249,404 shares of the company's stock, valued at $1,035,026.60. The trade was a 232.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 439,702 shares of company stock valued at $1,806,974 over the last quarter. 12.00% of the stock is currently owned by corporate insiders.

About Repay

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.