Vident Advisory LLC Sells 156,907 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Vident Advisory LLC lessened its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 89.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,351 shares of the company's stock after selling 156,907 shares during the quarter. Vident Advisory LLC's holdings in Repay were worth $148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RPAY. Barclays PLC lifted its holdings in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the period. Millennium Management LLC raised its position in shares of Repay by 120.6% during the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock worth $13,259,000 after buying an additional 950,185 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock worth $13,277,000 after acquiring an additional 726,058 shares during the period. Royce & Associates LP boosted its holdings in shares of Repay by 60.6% in the fourth quarter. Royce & Associates LP now owns 1,812,074 shares of the company's stock valued at $13,826,000 after acquiring an additional 683,548 shares in the last quarter. Finally, Sunriver Management LLC boosted its holdings in shares of Repay by 11.6% in 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 in the last quarter. Institutional investors own 82.73% of the company's stock.

Repay Stock Up 3.2%

NASDAQ RPAY traded up $0.16 during trading on Tuesday, reaching $5.11. 1,136,274 shares of the company's stock were exchanged, compared to its average volume of 1,092,511. Repay Holdings Co. has a fifty-two week low of $3.59 and a fifty-two 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 capitalization of $508.14 million, a PE ratio of -5.87 and a beta of 1.60. The company's fifty day simple moving average is $4.53 and its 200-day simple moving average is $6.34.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share 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 25.53% and a positive return on equity of 8.73%. Repay's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. Sell-side analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

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

Insider Buying and Selling

In other news, CEO John Andrew Sr. Morris bought 86,761 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the purchase, the chief executive officer now owns 86,761 shares of the company's stock, valued at approximately $337,500.29. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Shaler Alias acquired 15,378 shares of Repay stock in a transaction on Thursday, May 15th. The stock was acquired at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the purchase, the president now owns 264,782 shares of the company's stock, valued at approximately $1,040,593.26. This represents a 6.17% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 439,702 shares of company stock worth $1,806,974 in the last quarter. 12.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RPAY has been the topic of a number of research reports. Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Stephens reaffirmed an "overweight" rating and set a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. BMO Capital Markets dropped their price target on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 13th. Barclays reduced their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Repay from $6.50 to $4.50 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.90.

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.