Insider Buying: Repay Holdings Co. (NASDAQ:RPAY) President Acquires $60,435.54 in Stock

Repay Holdings Co. (NASDAQ:RPAY) President Shaler Alias acquired 15,378 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the acquisition, the president now directly owns 264,782 shares of the company’s stock, valued at $1,040,593.26. This trade represents a 6.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Shaler Alias also recently made the following trade(s):

• On Friday, May 16th, Shaler Alias acquired 118 shares of Repay stock. The stock was acquired at an average price of $4.15 per share, for a total transaction of $489.70.
• On Wednesday, May 14th, Shaler Alias acquired 174,404 shares of Repay stock. The stock was acquired at an average price of $4.15 per share, for a total transaction of $723,776.60.

Repay Trading Up 6.8%

RPAY opened at $4.10 on Monday. The firm’s fifty day moving average is $4.80 and its two-hundred day moving average is $6.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market cap of $407.70 million, a PE ratio of -4.71 and a beta of 1.61. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay announced that its Board of Directors has initiated a stock buyback program on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RPAY. Stephens restated an “overweight” rating and issued a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Canaccord Genuity Group cut their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. DA Davidson restated a “buy” rating and issued a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Barclays cut their price objective on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Repay presently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Institutional Investors Weigh In On Repay

Several large investors have recently made changes to their positions in the stock. Sunriver Management LLC increased its position in shares of Repay by 2.1% during the first quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock worth $34,359,000 after acquiring an additional 125,133 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Repay by 4.4% during the first quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock worth $27,392,000 after acquiring an additional 207,212 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Repay by 1.8% during the first quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock worth $26,569,000 after acquiring an additional 82,196 shares in the last quarter. American Century Companies Inc. grew its position in Repay by 6.1% in the first quarter. American Century Companies Inc. now owns 4,427,315 shares of the company’s stock valued at $24,660,000 after purchasing an additional 255,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Repay by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after purchasing an additional 243,743 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

About Repay

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.