Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 305,392 shares of the company’s stock after selling 1,580 shares during the period. Rice Hall James & Associates LLC’s holdings in Repay were worth $2,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its stake in Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after purchasing an additional 1,174 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Repay by 6.6% in the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after acquiring an additional 1,232 shares during the period. CWM LLC lifted its stake in shares of Repay by 2.8% in the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after acquiring an additional 1,462 shares during the period. Diversified Trust Co lifted its stake in shares of Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $8.18, for a total transaction of $58,879.64. Following the sale, the executive vice president now owns 140,130 shares in the company, valued at $1,146,263.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 269,524 shares of company stock worth $2,222,784 over the last 90 days. 11.00% of the stock is owned by company insiders.

Repay Stock Performance

RPAY stock opened at $7.85 on Friday. Repay Holdings Co. has a 52-week low of $6.01 and a 52-week high of $11.27. The company’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The business had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

RPAY has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, September 25th. DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Repay in a research note on Tuesday, July 9th. Barclays cut their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.29.

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.