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

Janus Henderson Group PLC lessened its holdings in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunriver Management LLC boosted its holdings in Repay by 11.6% in the 4th quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock valued at $46,111,000 after purchasing an additional 626,528 shares during the period. Wellington Management Group LLP raised its position in shares of Repay by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock valued at $35,941,000 after buying an additional 152,078 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Repay by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock valued at $33,114,000 after buying an additional 243,743 shares during the period. American Century Companies Inc. boosted its stake in shares of Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company's stock valued at $31,830,000 after buying an additional 267,184 shares during the period. Finally, River Road Asset Management LLC grew its position 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 buying an additional 599,840 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays dropped their price objective on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup reduced their price objective on shares of Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley set a $4.50 target price on shares of Repay in a report on Wednesday, May 14th. Canaccord Genuity Group cut their price target on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $6.50 to $4.50 and set a "market perform" rating on the stock in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.90.

Repay Price Performance

Shares of RPAY stock traded down $0.03 on Wednesday, hitting $4.43. 419,432 shares of the company's stock were exchanged, compared to its average volume of 1,025,256. Repay Holdings Co. has a 12 month low of $3.59 and a 12 month high of $11.27. The company has a 50 day moving average of $4.74 and a 200 day moving average of $6.60. 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 stock has a market cap of $440.12 million, a P/E ratio of -5.09 and a beta of 1.61.

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

Repay announced that its Board of Directors has authorized a stock repurchase plan on Monday, May 12th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In related news, President Shaler Alias purchased 15,378 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the purchase, the president now owns 264,782 shares in the company, valued at approximately $1,040,593.26. This represents a 6.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Andrew Sr. Morris purchased 86,761 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of $3.89 per share, with a total value of $337,500.29. Following the purchase, the chief executive officer now 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. Insiders bought a total of 439,702 shares of company stock valued at $1,806,974 in the last 90 days. Corporate insiders own 12.00% of the company's stock.

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.