Sunriver Management LLC Acquires 209,348 Shares of Repay Holdings Corporation $RPAY

Sunriver Management LLC lifted its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 5.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,928,000 shares of the company’s stock after acquiring an additional 209,348 shares during the period. Repay accounts for about 2.2% of Sunriver Management LLC’s portfolio, making the stock its 20th biggest position. Sunriver Management LLC’s holdings in Repay were worth $20,543,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Repay by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,371,147 shares of the company’s stock worth $7,171,000 after acquiring an additional 20,872 shares during the period. Barclays PLC raised its position in shares of Repay by 3.2% during the 3rd quarter. Barclays PLC now owns 1,157,337 shares of the company’s stock valued at $6,053,000 after acquiring an additional 36,224 shares during the last quarter. Royce & Associates LP boosted its position in shares of Repay by 3.1% in the 3rd quarter. Royce & Associates LP now owns 1,179,520 shares of the company’s stock worth $6,169,000 after purchasing an additional 35,263 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Repay by 3.5% during the third quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock worth $34,873,000 after purchasing an additional 227,349 shares during the period. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in shares of Repay during the third quarter worth $3,229,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Trading Down 0.9%

NASDAQ:RPAY traded down $0.03 on Friday, reaching $2.69. The company’s stock had a trading volume of 55,231 shares, compared to its average volume of 1,108,953. Repay Holdings Corporation has a 1-year low of $2.69 and a 1-year high of $6.05. The business’s 50-day moving average price is $3.30 and its two-hundred day moving average price is $4.06. The firm has a market cap of $245.27 million, a PE ratio of -0.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.82.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, March 9th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.The business had revenue of $78.59 million for the quarter, compared to analyst estimates of $76.79 million. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts anticipate that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday. UBS Group lowered their price target on Repay from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday. Wall Street Zen downgraded shares of Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Finally, Benchmark decreased their price objective on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.14.

Repay Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.