JPMorgan Chase & Co. Has $3.15 Million Stake in Repay Holdings Co. (NASDAQ:RPAY)

JPMorgan Chase & Co. lowered its stake in shares of Repay Holdings Co. (NASDAQ:RPAY - Free Report) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,364 shares of the company's stock after selling 78,802 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.42% of Repay worth $3,154,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in Repay by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock valued at $1,165,000 after acquiring an additional 15,141 shares during the period. Barclays PLC increased its holdings in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company's stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the period. Empowered Funds LLC lifted its holdings in Repay by 34.0% in the fourth quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock worth $3,630,000 after purchasing an additional 120,777 shares during the period. State Street Corp grew its position in Repay by 1.1% in the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company's stock valued at $18,578,000 after buying an additional 25,057 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in Repay by 31.7% during the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after buying an additional 599,840 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RPAY. UBS Group dropped their price objective on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays reduced their price objective on shares of Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Stephens reaffirmed an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price objective on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets dropped their price target on Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.94.

Repay Trading Up 0.5 %

Shares of RPAY stock traded up $0.02 on Friday, reaching $4.41. 590,472 shares of the stock were exchanged, compared to its average volume of 889,327. The stock has a 50 day moving average price of $5.64 and a 200 day moving average price of $7.06. The stock has a market cap of $429.92 million, a PE ratio of -5.07 and a beta of 1.64. Repay Holdings Co. has a one year low of $4.24 and a one year 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.

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.