Janus Henderson Group PLC Has $18.55 Million Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

Janus Henderson Group PLC lowered its position in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,431,308 shares of the company's stock after selling 448,987 shares during the quarter. Janus Henderson Group PLC owned 2.49% of Repay worth $18,551,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its holdings in Repay by 2,382.5% during 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 last quarter. Private Management Group Inc. boosted its stake in shares of Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company's stock worth $13,277,000 after buying an additional 726,058 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Repay by 60.6% in the 4th 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. Sunriver Management LLC increased its position 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 during the last quarter. Finally, River Road Asset Management LLC raised its holdings in Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock worth $19,006,000 after acquiring an additional 599,840 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RPAY. UBS Group dropped their price objective on 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 reissued a "buy" rating and set a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Stephens reiterated an "overweight" rating and set a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Barclays decreased their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $7.90.

Insider Buying and Selling

In other Repay news, CEO John Andrew Sr. Morris acquired 86,761 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the acquisition, the chief executive officer now directly owns 86,761 shares in the company, valued at $337,500.29. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Shaler Alias purchased 15,378 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $3.93 per share, with a total value of $60,435.54. Following the purchase, the president now directly owns 264,782 shares of the company's stock, valued at approximately $1,040,593.26. The trade was a 6.17% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 439,702 shares of company stock worth $1,806,974 in the last three months. 12.00% of the stock is owned by corporate insiders.

Repay Price Performance

Repay stock traded up $0.02 during mid-day trading on Monday, reaching $4.12. 2,863,302 shares of the company were exchanged, compared to its average volume of 1,015,996. The firm has a market cap of $409.69 million, a PE ratio of -4.74 and a beta of 1.61. Repay Holdings Co. has a 12 month low of $3.59 and a 12 month 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 company has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $6.64.

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 analysts' consensus estimates 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 firm had revenue of $77.33 million during the quarter, compared to the consensus estimate of $76.06 million. During the same period last year, the business earned $0.23 earnings per share. The business's revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay declared that its board has initiated a stock repurchase program on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are 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.