Empowered Funds LLC Has $3.63 Million Stock Position in Repay Holdings Co. (NASDAQ:RPAY)

Empowered Funds LLC grew its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,818 shares of the company’s stock after buying an additional 120,777 shares during the quarter. Empowered Funds LLC’s holdings in Repay were worth $3,630,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. acquired a new position in shares of Repay during the third quarter valued at about $1,122,000. Villanova Investment Management Co LLC boosted its holdings in Repay by 71.7% during the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after purchasing an additional 117,573 shares during the last quarter. Millrace Asset Group Inc. boosted its holdings in Repay by 216.7% during the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after purchasing an additional 221,102 shares during the last quarter. Barclays PLC boosted its holdings in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after purchasing an additional 112,125 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Stock Performance

NASDAQ RPAY opened at $7.19 on Thursday. Repay Holdings Co. has a 1 year low of $7.08 and a 1 year 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 stock has a market capitalization of $701.96 million, a PE ratio of -8.26 and a beta of 1.43. The company’s 50 day simple moving average is $7.66 and its two-hundred day simple moving average is $8.04.

Repay (NASDAQ:RPAY) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. Keefe, Bruyette & Woods dropped their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.33.

Insiders Place Their Bets

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Repay Company 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.