PNC Financial Services Group Inc. Sells 6,325 Shares of Repay Holdings Corporation $RPAY

PNC Financial Services Group Inc. lessened its position in Repay Holdings Corporation (NASDAQ:RPAY) by 21.9% during the first quarter, Holdings Channel.com reports. The fund owned 22,544 shares of the company’s stock after selling 6,325 shares during the period. PNC Financial Services Group Inc.’s holdings in Repay were worth $126,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Repay by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock valued at $35,941,000 after buying an additional 152,078 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Repay by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after buying an additional 243,743 shares during the period. Private Management Group Inc. increased its position in shares of Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after buying an additional 914,529 shares during the period. Millennium Management LLC increased its position in shares of Repay by 120.6% during the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after buying an additional 950,185 shares during the period. Finally, Summit Creek Advisors LLC increased its position in shares of Repay by 1.1% during the first quarter. Summit Creek Advisors LLC now owns 1,649,748 shares of the company’s stock valued at $9,189,000 after buying an additional 18,542 shares during the period. Institutional investors own 82.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. UBS Group boosted their price target on shares of Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their price target on shares of Repay from $4.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. DA Davidson reduced their price target on shares of Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 13th. Finally, BMO Capital Markets dropped their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Repay presently has an average rating of “Hold” and an average target price of $7.22.

Repay Trading Up 1.1%

Shares of NASDAQ RPAY opened at $5.59 on Wednesday. The firm’s 50 day moving average price is $5.01 and its 200-day moving average price is $5.29. The company has a market cap of $555.87 million, a PE ratio of -4.44 and a beta of 1.64. Repay Holdings Corporation has a 52-week low of $3.59 and a 52-week high of $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $75.63 million for the quarter, compared to the consensus estimate of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. On average, equities research analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Repay declared that its Board of Directors has authorized a share buyback plan on Monday, May 12th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 19% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.