Wellington Management Group LLP Buys 207,212 Shares of Repay Holdings Corporation $RPAY

Key Points

• Wellington Management Group LLP increased its stake in Repay Holdings Corporation by 4.4%, now owning approximately 5.04% of the company, worth around $27.39 million.
• Repay reported $0.20 earnings per share, meeting consensus estimates, along with a revenue of $75.63 million for the quarter, surpassing analyst predictions.
• The company's Board of Directors has authorized a $75 million stock repurchase program, indicating management's belief that the stock is undervalued.

Wellington Management Group LLP increased its position in Repay Holdings Corporation (NASDAQ:RPAY - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,917,703 shares of the company's stock after buying an additional 207,212 shares during the period. Wellington Management Group LLP owned 5.04% of Repay worth $27,392,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Repay in the 4th quarter valued at about $27,000. Johnson Financial Group Inc. acquired a new stake in shares of Repay in the 4th quarter valued at about $47,000. Spire Wealth Management boosted its stake in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after purchasing an additional 2,620 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Repay during the 1st quarter valued at about $61,000. Finally, PharVision Advisers LLC acquired a new position in Repay during the 4th quarter valued at about $114,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Performance

Shares of Repay stock traded down $0.02 during mid-day trading on Friday, hitting $5.92. 704,889 shares of the stock were exchanged, compared to its average volume of 1,033,471. Repay Holdings Corporation has a 12 month low of $3.59 and a 12 month high of $9.75. The company has a 50-day simple moving average of $5.17 and a 200 day simple moving average of $5.19. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $540.73 million, a P/E ratio of -4.70 and a beta of 1.64.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The firm had revenue of $75.63 million for the quarter, compared to analysts' expectations of $74.24 million. During the same quarter last year, the firm earned $0.22 EPS. The company's quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

Repay announced that its board has approved a share repurchase program on Monday, May 12th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

RPAY has been the subject of a number of analyst reports. UBS Group lifted 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. Morgan Stanley lifted their price target on Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Citigroup cut their price target on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. BMO Capital Markets cut their price target on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Repay currently has an average rating of "Hold" and a consensus target price of $7.22.

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.