Wellington Management Group LLP Boosts Position in Repay Holdings Co. (NASDAQ:RPAY)

Wellington Management Group LLP boosted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,710,491 shares of the company’s stock after buying an additional 152,078 shares during the quarter. Wellington Management Group LLP’s holdings in Repay were worth $35,941,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares in the last quarter. Private Management Group Inc. increased its holdings in Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after purchasing an additional 726,058 shares during the period. Royce & Associates LP raised its position in Repay by 60.6% during the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after purchasing an additional 683,548 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock worth $19,006,000 after buying an additional 599,840 shares during the period. Finally, Aequim Alternative Investments LP grew its position in shares of Repay by 640.7% during the 3rd quarter. Aequim Alternative Investments LP now owns 578,484 shares of the company’s stock worth $4,720,000 after buying an additional 500,384 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Price Performance

Shares of RPAY opened at $5.11 on Monday. The company has a 50 day moving average of $6.60 and a two-hundred day moving average of $7.45. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a twelve month low of $4.83 and a twelve month high of $11.27. The company has a market cap of $498.16 million, a price-to-earnings ratio of -5.87 and a beta of 1.64.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays decreased their price objective on Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, March 10th. BMO Capital Markets lowered their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group cut 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. Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.31.

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.