Summit Creek Advisors LLC Lowers Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Summit Creek Advisors LLC trimmed its position in Repay Holdings Co. (NASDAQ:RPAY) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,631,206 shares of the company’s stock after selling 15,142 shares during the period. Summit Creek Advisors LLC owned approximately 1.67% of Repay worth $12,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in Repay in the third quarter valued at $37,197,000. American Century Companies Inc. lifted its holdings in Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock valued at $31,830,000 after acquiring an additional 267,184 shares during the period. River Road Asset Management LLC lifted its holdings in Repay by 31.7% in 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 acquiring an additional 599,840 shares during the period. State Street Corp lifted its holdings in Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after acquiring an additional 25,057 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Repay by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock valued at $16,298,000 after acquiring an additional 32,613 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RPAY has been the subject of several research reports. BMO Capital Markets cut their price target on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, March 4th. Barclays cut their price target on Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Stephens reaffirmed an “overweight” rating and set a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. DA Davidson reissued a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Finally, UBS Group cut their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Repay Stock Performance

RPAY stock opened at $5.74 on Monday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market cap of $559.58 million, a P/E ratio of -6.60 and a beta of 1.54. Repay Holdings Co. has a 12-month low of $5.30 and a 12-month high of $11.27. The stock’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $7.63.

Repay 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.