Federated Hermes Inc. Has $3.02 Million Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Federated Hermes Inc. boosted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,853 shares of the company's stock after purchasing an additional 118,934 shares during the period. Federated Hermes Inc. owned approximately 0.35% of Repay worth $3,022,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Simplicity Solutions LLC raised its stake in Repay by 17.4% during the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company's stock worth $158,000 after purchasing an additional 2,744 shares during the period. Bleakley Financial Group LLC raised its stake in Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company's stock worth $160,000 after purchasing an additional 2,925 shares during the period. Oak Thistle LLC purchased a new position in Repay during the fourth quarter worth approximately $103,000. SG Americas Securities LLC raised its stake in Repay by 65.4% during the fourth quarter. SG Americas Securities LLC now owns 29,224 shares of the company's stock worth $250,000 after purchasing an additional 11,550 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Repay by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company's stock worth $32,225,000 after acquiring an additional 53,746 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Repay Stock Up 1.6 %

RPAY stock traded up $0.16 during mid-day trading on Friday, hitting $10.17. 688,233 shares of the company were exchanged, compared to its average volume of 425,712. The company has a market capitalization of $1.04 billion, a PE ratio of -8.34 and a beta of 1.34. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a twelve month low of $5.61 and a twelve month high of $11.22. The firm has a fifty day simple moving average of $9.90 and a 200 day simple moving average of $8.32.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $75.99 million during the quarter, compared to analyst estimates of $69.94 million. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. On average, research analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 5,624 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $10.03, for a total transaction of $56,408.72. Following the completion of the transaction, the chief financial officer now directly owns 646,387 shares of the company's stock, valued at approximately $6,483,261.61. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 116,019 shares of company stock valued at $1,220,382 in the last ninety days. Corporate insiders own 19.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RPAY. Barclays increased their price objective on shares of Repay from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 16th. DA Davidson reissued a "buy" rating and issued a $16.00 price objective on shares of Repay in a research report on Monday, March 4th. Keefe, Bruyette & Woods increased their price objective on shares of Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a research report on Monday, March 4th. Truist Financial reissued a "buy" rating and issued a $13.00 price objective (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price objective on shares of Repay in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.25.

About Repay

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.