John Andrew Sr. Morris Buys 86,761 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) CEO John Andrew Sr. Morris purchased 86,761 shares of Repay stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the transaction, the chief executive officer now directly owns 86,761 shares of the company’s stock, valued at approximately $337,500.29. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

John Andrew Sr. Morris also recently made the following trade(s):

• On Wednesday, May 14th, John Andrew Sr. Morris purchased 163,041 shares of Repay stock. The shares were acquired at an average price of $4.20 per share, for a total transaction of $684,772.20.

Repay Stock Performance

NASDAQ:RPAY opened at $4.10 on Monday. The stock has a market cap of $407.70 million, a P/E ratio of -4.71 and a beta of 1.61. The firm’s fifty day simple moving average is $4.80 and its 200 day simple moving average is $6.64. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month 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.

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

Repay declared that its Board of Directors has approved a stock repurchase plan on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RPAY shares. DA Davidson restated a “buy” rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Keefe, Bruyette & Woods cut their target price 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. Barclays cut their target price 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. Canaccord Genuity Group cut their target price 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. Finally, UBS Group cut their target price on shares of Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Repay has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Hedge Funds Weigh In On Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Repay by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock valued at $1,165,000 after buying an additional 15,141 shares during the period. Barclays PLC lifted its position in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares during the period. JPMorgan Chase & Co. lifted its position in Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock valued at $4,016,000 after buying an additional 112,125 shares during the period. Empowered Funds LLC lifted its position in Repay by 34.0% during the fourth quarter. Empowered Funds LLC now owns 475,818 shares of the company’s stock valued at $3,630,000 after buying an additional 120,777 shares during the period. Finally, River Road Asset Management LLC lifted its position in Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after buying an additional 599,840 shares during the period. Hedge funds and other 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.