Topline Capital Management LLC Buys Shares of 303,638 Repay Holdings Corporation $RPAY

Topline Capital Management LLC purchased a new position in Repay Holdings Corporation (NASDAQ:RPAY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 303,638 shares of the company’s stock, valued at approximately $1,588,000. Topline Capital Management LLC owned approximately 0.33% of Repay at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Repay by 24.6% in the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company’s stock worth $12,065,000 after purchasing an additional 428,289 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Repay by 4.6% during the first quarter. Empowered Funds LLC now owns 497,625 shares of the company’s stock valued at $2,772,000 after buying an additional 21,807 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Repay by 57.6% in the 1st quarter. Jane Street Group LLC now owns 95,979 shares of the company’s stock valued at $535,000 after buying an additional 35,068 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Repay in the 2nd quarter valued at about $132,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Repay by 73.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,330 shares of the company’s stock worth $233,000 after buying an additional 20,417 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RPAY shares. UBS Group reduced their price objective on shares of Repay from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley lowered their target price on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Repay in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and set a $9.00 price objective on shares of Repay in a report on Tuesday. Finally, Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.14.

Repay Stock Performance

RPAY opened at $2.67 on Friday. The company has a market cap of $243.90 million, a P/E ratio of -0.88 and a beta of 1.64. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $3.29 and its 200-day moving average price is $4.04. Repay Holdings Corporation has a 52-week low of $2.65 and a 52-week high of $6.05.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $78.59 million during the quarter, compared to analysts’ expectations of $76.79 million. Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities analysts anticipate that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

About Repay

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.