Royce & Associates LP Sells 497,783 Shares of Repay Holdings Corporation $RPAY

Royce & Associates LP decreased its position in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 42.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 681,737 shares of the company’s stock after selling 497,783 shares during the period. Royce & Associates LP owned approximately 0.75% of Repay worth $2,488,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its position in Repay by 76.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,089,241 shares of the company’s stock worth $3,976,000 after buying an additional 471,767 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Repay by 35.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,887 shares of the company’s stock worth $246,000 after purchasing an additional 17,867 shares during the period. Bfsg LLC increased its position in shares of Repay by 27.5% in the fourth quarter. Bfsg LLC now owns 41,149 shares of the company’s stock worth $150,000 after purchasing an additional 8,869 shares during the period. SG Americas Securities LLC increased its position in shares of Repay by 140.7% in the fourth quarter. SG Americas Securities LLC now owns 30,784 shares of the company’s stock worth $112,000 after purchasing an additional 17,994 shares during the period. Finally, PharVision Advisers LLC bought a new position in shares of Repay in the third quarter worth $145,000. Institutional investors own 82.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RPAY. DA Davidson restated a “buy” rating and issued a $8.00 price target on shares of Repay in a research report on Tuesday, May 5th. Canaccord Genuity Group decreased their price target on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. UBS Group raised their price target on Repay from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Stephens cut Repay from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.54.

Repay Stock Performance

Shares of RPAY stock opened at $3.88 on Friday. The business’s 50-day moving average price is $3.31 and its 200-day moving average price is $3.34. Repay Holdings Corporation has a 12 month low of $2.30 and a 12 month high of $6.05. The firm has a market capitalization of $368.44 million, a price-to-earnings ratio of -1.27 and a beta of 1.88. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The firm had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. Equities research analysts forecast that Repay Holdings Corporation will post 0.73 EPS for the current year.

Repay Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.