Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Vident Advisory LLC

Vident Advisory LLC lowered its stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 89.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,351 shares of the company's stock after selling 156,907 shares during the period. Vident Advisory LLC's holdings in Repay were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Repay in the fourth quarter worth approximately $27,000. R Squared Ltd purchased a new stake in shares of Repay during the fourth quarter worth $36,000. Blue Trust Inc. raised its position in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after buying an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Repay in the fourth quarter worth about $47,000. Finally, Olympiad Research LP acquired a new position in Repay during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Insider Buying and Selling

In other Repay news, President Shaler Alias purchased 174,404 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of $4.15 per share, for a total transaction of $723,776.60. Following the completion of the purchase, the president now directly owns 249,404 shares in the company, valued at approximately $1,035,026.60. The trade was a 232.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Andrew Sr. Morris acquired 86,761 shares of Repay 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 439,702 shares of company stock valued at $1,806,974 in the last ninety days. Company insiders own 12.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RPAY shares. Morgan Stanley set a $4.50 price objective on shares of Repay in a report on Wednesday, May 14th. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Citigroup dropped their target price on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, May 19th. Keefe, Bruyette & Woods reduced their price target on Repay from $6.50 to $4.50 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Finally, Barclays dropped their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.90.

Repay Trading Down 2.9%

Shares of RPAY stock traded down $0.15 on Wednesday, hitting $4.96. The stock had a trading volume of 2,052,318 shares, compared to its average volume of 1,103,100. The company's 50 day moving average price is $4.50 and its 200-day moving average price is $6.33. Repay Holdings Co. has a 1 year low of $3.59 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $493.22 million, a P/E ratio of -5.70 and a beta of 1.60.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The business had revenue of $77.33 million for the quarter, compared to analysts' expectations of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Repay declared that its Board of Directors has approved a share buyback program on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 19% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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.