King Luther Capital Management Corp Decreases Position in Repay Holdings Co. (NASDAQ:RPAY)

King Luther Capital Management Corp reduced its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,493 shares of the company’s stock after selling 3,670 shares during the period. King Luther Capital Management Corp owned 0.14% of Repay worth $1,011,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Repay during the 4th quarter worth $36,000. Blue Trust Inc. increased its position in Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares during the last quarter. Olympiad Research LP purchased a new position in Repay during the fourth quarter worth about $80,000. Point72 DIFC Ltd acquired a new position in Repay in the 3rd quarter valued at about $99,000. Finally, Entropy Technologies LP purchased a new stake in shares of Repay in the 3rd quarter valued at approximately $109,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Repay Price Performance

Repay stock opened at $5.54 on Friday. 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 firm’s 50-day simple moving average is $7.17 and its 200 day simple moving average is $7.75. Repay Holdings Co. has a 52 week low of $5.30 and a 52 week high of $11.27. The firm has a market capitalization of $540.08 million, a PE ratio of -6.37 and a beta of 1.54.

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.