Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 60.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,812,074 shares of the company’s stock after purchasing an additional 683,548 shares during the quarter. Royce & Associates LP’s holdings in Repay were worth $13,826,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Monimus Capital Management LP acquired a new position in Repay during the 4th quarter worth $2,157,000. First Eagle Investment Management LLC acquired a new position in Repay during the 4th quarter worth $1,778,000. River Road Asset Management LLC grew its holdings 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 worth $19,006,000 after acquiring an additional 599,840 shares in the last quarter. AlphaQuest LLC grew its holdings in Repay by 134.3% during the 4th quarter. AlphaQuest LLC now owns 69,861 shares of the company’s stock worth $533,000 after acquiring an additional 40,041 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Repay by 29.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 28,869 shares of the company’s stock valued at $220,000 after buying an additional 6,610 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RPAY shares. DA Davidson reaffirmed a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Stephens reaffirmed an “overweight” rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. UBS Group decreased their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. BMO Capital Markets decreased their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday, March 4th. Finally, Canaccord Genuity Group decreased their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Repay currently has an average rating of “Moderate Buy” and an average price target of $10.31.

Repay Trading Up 2.1 %

Repay stock opened at $5.79 on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $7.09 and a two-hundred day moving average price of $7.70. The firm has a market capitalization of $564.46 million, a price-to-earnings ratio of -6.66 and a beta of 1.54. Repay Holdings Co. has a 52-week low of $5.30 and a 52-week high of $11.27.

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.