Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Sunriver Management LLC

Sunriver Management LLC boosted its position in Repay Holdings Co. (NASDAQ:RPAY) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,043,368 shares of the company’s stock after buying an additional 626,528 shares during the period. Repay makes up approximately 5.5% of Sunriver Management LLC’s investment portfolio, making the stock its 7th largest holding. Sunriver Management LLC owned 6.19% of Repay worth $46,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares during the last quarter. Invesco Ltd. boosted its holdings in Repay by 1.4% in the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after purchasing an additional 2,142 shares during the last quarter. Bailard Inc. grew its position in Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after purchasing an additional 2,300 shares during the period. Bfsg LLC raised its stake in shares of Repay by 29.9% during the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock valued at $127,000 after buying an additional 3,830 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Repay by 30.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock valued at $153,000 after buying an additional 4,659 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Up 1.6 %

Shares of NASDAQ RPAY opened at $4.57 on Monday. Repay Holdings Co. has a 52-week low of $4.39 and a 52-week high of $11.27. 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 company’s 50-day simple moving average is $6.25 and its 200-day simple moving average is $7.29. The firm has a market cap of $445.52 million, a price-to-earnings ratio of -5.25 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RPAY. UBS Group dropped their target price on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Barclays decreased their target price on shares of Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Stephens reiterated an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Finally, Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.31.

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.