Vanguard Group Inc. Grows Stock Holdings in Repay Holdings Corporation $RPAY

Key Points

• Vanguard Group Inc. has increased its ownership in Repay Holdings Corporation to 4.89%, acquiring an additional 82,196 shares and totaling 4,770,074 shares after the 1st quarter.
• Repay reported a quarterly earnings per share of $0.20, meeting consensus estimates, with revenues of $75.63 million surpassing expectations.
• The company has authorized a $75 million share buyback plan, allowing for the repurchase of up to 19% of its shares, signaling potential undervaluation of its stock.

Vanguard Group Inc. grew its position in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,770,074 shares of the company's stock after purchasing an additional 82,196 shares during the period. Vanguard Group Inc. owned approximately 4.89% of Repay worth $26,569,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Summit Creek Advisors LLC raised its stake in shares of Repay by 1.1% in the first quarter. Summit Creek Advisors LLC now owns 1,649,748 shares of the company's stock valued at $9,189,000 after acquiring an additional 18,542 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Repay in the first quarter valued at $726,000. Private Management Group Inc. raised its stake in shares of 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 acquiring an additional 914,529 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Repay in the first quarter valued at $701,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Repay in the first quarter valued at $361,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RPAY shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 price objective on shares of Repay in a research note on Friday, August 22nd. Citigroup reduced their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, May 19th. DA Davidson cut 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. UBS Group raised their price target on Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods raised their price target on Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.22.

Repay Stock Performance

Shares of Repay stock traded down $0.04 on Wednesday, hitting $5.63. The stock had a trading volume of 40,902 shares, compared to its average volume of 1,203,166. The stock has a market cap of $514.52 million, a price-to-earnings ratio of -4.47 and a beta of 1.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75. The company's 50 day moving average price is $5.21 and its 200 day moving average price is $5.17.

Repay (NASDAQ:RPAY - Get Free Report) last announced its 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. The firm had revenue of $75.63 million during the quarter, compared to analysts' expectations of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The business's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. On average, research analysts anticipate that Repay Holdings Corporation will post 0.72 EPS for the current year.

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

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.