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

Wellington Management Group LLP lifted its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,710,491 shares of the company's stock after purchasing an additional 152,078 shares during the period. Wellington Management Group LLP owned about 4.83% of Repay worth $35,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after purchasing an additional 2,077 shares in the last quarter. Invesco Ltd. boosted its holdings in Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company's stock worth $1,216,000 after buying an additional 2,142 shares during the last quarter. Bailard Inc. boosted its holdings in Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company's stock worth $325,000 after buying an additional 2,300 shares during the last quarter. Quarry LP acquired a new stake in Repay in the 4th quarter worth about $27,000. Finally, Bfsg LLC boosted its holdings in Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company's stock worth $127,000 after buying an additional 3,830 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Insider Activity

In other news, President Shaler Alias bought 15,378 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased 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 directly owns 86,761 shares of the company's stock, valued at approximately $337,500.29. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 439,702 shares of company stock worth $1,806,974. Corporate insiders own 12.00% of the company's stock.

Repay Trading Up 3.2%

NASDAQ:RPAY traded up $0.16 during trading hours on Tuesday, reaching $5.11. 1,770,669 shares of the stock were exchanged, compared to its average volume of 1,094,867. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $4.53 and a two-hundred day moving average of $6.34. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month high of $11.27. The company has a market capitalization of $508.14 million, a price-to-earnings ratio of -5.87 and a beta of 1.60.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm's revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay announced that its board has authorized a share buyback program on Monday, May 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

RPAY has been the subject of a number of research reports. 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 lowered their target price on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. UBS Group lowered their target price on Repay from $7.50 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen cut Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, DA Davidson reiterated a "buy" rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.90.

Repay 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.