Russell Investments Group Ltd. Grows Stake in Repay Holdings Co. (NASDAQ:RPAY)

Russell Investments Group Ltd. boosted its position in Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,195,915 shares of the company's stock after purchasing an additional 93,843 shares during the quarter. Russell Investments Group Ltd. owned about 1.19% of Repay worth $10,213,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Simplicity Solutions LLC lifted its position in shares of Repay by 17.4% during the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company's stock valued at $158,000 after acquiring an additional 2,744 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Repay by 18.5% during the 4th quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company's stock valued at $160,000 after acquiring an additional 2,925 shares during the period. Hsbc Holdings PLC lifted its position in shares of Repay by 19.7% during the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company's stock valued at $171,000 after acquiring an additional 3,669 shares during the period. North Reef Capital Management LP lifted its position in shares of Repay by 2.2% during the 3rd quarter. North Reef Capital Management LP now owns 202,662 shares of the company's stock valued at $1,538,000 after acquiring an additional 4,313 shares during the period. Finally, Swiss National Bank lifted its position in shares of Repay by 3.6% during the 3rd quarter. Swiss National Bank now owns 173,283 shares of the company's stock worth $1,315,000 after buying an additional 6,000 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RPAY has been the subject of several recent analyst reports. Barclays upped their price objective on Repay from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 16th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $13.00 target price on shares of Repay in a report on Friday, March 1st. Keefe, Bruyette & Woods upped their target price on Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a report on Monday, March 4th. Benchmark assumed coverage on Repay in a report on Tuesday, February 13th. They issued a "buy" rating and a $10.00 target price for the company. Finally, Truist Financial reaffirmed a "buy" rating and issued a $13.00 target price (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.25.

Repay Trading Up 4.5 %

RPAY stock traded up $0.47 during mid-day trading on Monday, reaching $10.80. The company's stock had a trading volume of 888,858 shares, compared to its average volume of 627,657. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -8.47 and a beta of 1.36. The business's 50 day moving average price is $10.11 and its 200 day moving average price is $8.45. 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 12 month low of $5.63 and a 12 month high of $11.22.

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

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 4,925 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $10.00, for a total value of $49,250.00. Following the completion of the sale, the chief financial officer now owns 652,011 shares of the company's stock, valued at $6,520,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 116,019 shares of company stock valued at $1,220,382. Company insiders own 11.00% 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.