Repay Holdings Co. (NASDAQ:RPAY) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Repay Holdings Co. (NASDAQ:RPAY) by 49.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 268,309 shares of the company’s stock after acquiring an additional 88,302 shares during the quarter. Federated Hermes Inc.’s holdings in Repay were worth $2,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RPAY. Verition Fund Management LLC acquired a new stake in shares of Repay in the 3rd quarter valued at $171,000. State Street Corp increased 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 buying an additional 25,057 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Repay in the third quarter valued at $208,000. Barclays PLC raised its stake in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Repay by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock worth $16,298,000 after buying an additional 32,613 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Trading Up 1.6 %

NASDAQ RPAY opened at $4.57 on Monday. Repay Holdings Co. has a one year low of $4.39 and a one year high of $11.27. The firm has a market cap of $445.52 million, a PE ratio of -5.25 and a beta of 1.64. The firm’s fifty day moving average is $6.25 and its two-hundred day moving average is $7.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Keefe, Bruyette & Woods cut their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. BMO Capital Markets reduced their price objective 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. Stephens reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Finally, UBS Group reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.31.

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.