Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Repay Holdings Co. (NASDAQ:RPAY) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 413,364 shares of the company’s stock after selling 78,802 shares during the period. JPMorgan Chase & Co.’s holdings in Repay were worth $3,154,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RPAY. R Squared Ltd bought a new stake in shares of Repay in the 4th quarter worth about $36,000. Blue Trust Inc. lifted its holdings in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after buying an additional 2,077 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Repay in the 4th quarter worth approximately $80,000. KLP Kapitalforvaltning AS bought a new stake in shares of Repay in the 4th quarter valued at approximately $111,000. Finally, Bfsg LLC raised its position in shares of Repay by 29.9% during the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock valued at $127,000 after acquiring an additional 3,830 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RPAY has been the subject of several recent research reports. Barclays lowered their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Stephens reiterated an “overweight” rating and set a $11.00 price objective 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 report on Thursday, February 27th. 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, BMO Capital Markets reduced their price objective on Repay from $10.00 to $8.00 and set a “market perform” 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.94.

Repay Stock Down 0.9 %

Shares of Repay stock opened at $4.36 on Tuesday. Repay Holdings Co. has a 1-year low of $4.24 and a 1-year high of $11.27. The company has a market capitalization of $425.05 million, a P/E ratio of -5.01 and a beta of 1.64. The business’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $7.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

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.