Summit Creek Advisors LLC Sells 137,279 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Summit Creek Advisors LLC lowered its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,831,991 shares of the company's stock after selling 137,279 shares during the period. Repay comprises about 2.1% of Summit Creek Advisors LLC's portfolio, making the stock its 23rd biggest holding. Summit Creek Advisors LLC owned about 1.82% of Repay worth $15,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Repay during the 3rd quarter worth approximately $134,000. Panagora Asset Management Inc. grew its position in Repay by 24.5% during the third quarter. Panagora Asset Management Inc. now owns 169,195 shares of the company's stock valued at $1,284,000 after acquiring an additional 33,261 shares during the last quarter. Principal Financial Group Inc. grew its position in Repay by 51.3% during the 3rd quarter. Principal Financial Group Inc. now owns 57,734 shares of the company's stock worth $438,000 after acquiring an additional 19,584 shares during the last quarter. Swiss National Bank raised its stake in shares of Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company's stock valued at $1,315,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Repay by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,550 shares of the company's stock worth $4,513,000 after purchasing an additional 16,063 shares during the period. Institutional investors own 82.73% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on RPAY. Keefe, Bruyette & Woods upped their price target 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 reiterated a "buy" rating and issued a $13.00 price target (up from $10.00) on shares of Repay in a report on Monday, March 4th. Benchmark increased their price target on Repay from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday. Canaccord Genuity Group restated a "buy" rating and issued a $13.00 price target on shares of Repay in a report on Friday. Finally, DA Davidson reaffirmed a "buy" rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, April 30th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.50.

Repay Stock Down 0.3 %

Shares of Repay stock traded down $0.03 on Monday, reaching $10.30. 572,110 shares of the company were exchanged, compared to its average volume of 633,068. Repay Holdings Co. has a one year low of $5.63 and a one year high of $11.22. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -10.51 and a beta of 1.36. The company has a 50-day moving average of $10.30 and a 200 day moving average of $8.61. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company had revenue of $75.99 million during the quarter, compared to analysts' expectations of $69.94 million. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. On average, equities research analysts forecast that Repay Holdings Co. will post 0.73 earnings per share for the current year.

Insider Activity

In related news, CFO Timothy John Murphy sold 58,275 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $11.03, for a total value of $642,773.25. Following the completion of the sale, the chief financial officer now owns 506,924 shares of the company's stock, valued at $5,591,371.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 116,019 shares of company stock worth $1,220,382 in the last three months. Corporate insiders own 11.00% of the company's stock.

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.