Repay Holdings Co. (NASDAQ:RPAY) President Acquires $723,776.60 in Stock

Repay Holdings Co. (NASDAQ:RPAY) President Shaler Alias acquired 174,404 shares of the stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $4.15 per share, with a total value of $723,776.60. Following the completion of the purchase, the president now directly owns 249,404 shares in the company, valued at approximately $1,035,026.60. This trade represents a 232.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, May 16th, Shaler Alias acquired 118 shares of Repay stock. The shares were bought at an average cost of $4.15 per share, with a total value of $489.70.
• On Thursday, May 15th, Shaler Alias acquired 15,378 shares of Repay stock. The shares were bought at an average cost of $3.93 per share, with a total value of $60,435.54.

Repay Stock Performance

Shares of RPAY stock opened at $4.10 on Monday. Repay Holdings Co. has a 12 month low of $3.59 and a 12 month high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm has a market capitalization of $407.70 million, a P/E ratio of -4.71 and a beta of 1.61. The company’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $6.64.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay declared that its Board of Directors has approved a share repurchase program on Monday, May 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

RPAY has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. DA Davidson restated a “buy” rating and set a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Keefe, Bruyette & Woods reduced 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. UBS Group reduced 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. Finally, Barclays reduced 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Hedge Funds Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. Sunriver Management LLC increased its position in shares of Repay by 2.1% in the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock worth $34,359,000 after purchasing an additional 125,133 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Repay by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after purchasing an additional 207,212 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Repay by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock valued at $26,569,000 after purchasing an additional 82,196 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Repay by 6.1% in the 1st 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 raised its stake in shares of Repay by 6.0% in the 4th 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 and hedge funds 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.