Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,710,491 shares of the company's stock after acquiring an additional 152,078 shares during the quarter. Wellington Management Group LLP owned 4.83% of Repay worth $35,941,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Repay in the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new position in shares of Repay in the 4th quarter worth approximately $36,000. Blue Trust Inc. lifted its holdings in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after acquiring an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Repay in the 4th quarter worth approximately $47,000. Finally, Olympiad Research LP purchased a new stake in Repay during the 4th quarter worth approximately $80,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group cut their target price on shares of Repay from $7.50 to $4.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. DA Davidson reaffirmed a "buy" rating and issued a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Stephens reaffirmed an "overweight" rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Morgan Stanley set a $4.50 target price on shares of Repay in a research report on Wednesday, May 14th. Finally, Citigroup dropped their target price on shares of Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.90.

Insider Activity

In other news, CEO John Andrew Sr. Morris purchased 163,041 shares of the stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the acquisition, the chief executive officer now directly owns 253,041 shares in the company, valued at $1,062,772.20. This represents a 181.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Shaler Alias purchased 15,378 shares of the stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 439,702 shares of company stock worth $1,806,974 over the last ninety days. 12.00% of the stock is currently owned by insiders.

Repay Stock Performance

NASDAQ:RPAY traded down $0.16 during trading hours on Wednesday, reaching $4.95. 751,489 shares of the company's stock were exchanged, compared to its average volume of 1,095,438. The firm has a market capitalization of $492.23 million, a price-to-earnings ratio of -5.69 and a beta of 1.60. The company has a 50-day moving average of $4.51 and a 200 day moving average of $6.34. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 1-year low of $3.59 and a 1-year high of $11.27.

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

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