Barclays PLC Acquires 1,427,078 Shares of Repay Holdings Co. (NASDAQ:RPAY)

Barclays PLC increased its stake in Repay Holdings Co. (NASDAQ:RPAY) by 2,382.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,486,977 shares of the company’s stock after purchasing an additional 1,427,078 shares during the period. Barclays PLC owned approximately 1.52% of Repay worth $12,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RPAY. Blue Trust Inc. increased its holdings in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after buying an additional 2,771 shares during the last quarter. nVerses Capital LLC purchased a new position in Repay in the third quarter worth $59,000. Point72 DIFC Ltd bought a new position in Repay in the third quarter valued at $99,000. Entropy Technologies LP purchased a new stake in Repay during the third quarter valued at about $109,000. Finally, Creative Planning bought a new stake in Repay during the third quarter worth about $115,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Repay has an average rating of “Moderate Buy” and an average price target of $12.83.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is owned by insiders.

Repay Stock Performance

NASDAQ RPAY opened at $8.16 on Monday. The company has a 50-day simple moving average of $8.04 and a two-hundred day simple moving average of $8.78. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The firm has a market cap of $796.66 million, a price-to-earnings ratio of -9.38 and a beta of 1.42. 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 (NASDAQ:RPAY) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. On average, equities analysts forecast that Repay Holdings Co. will post 0.72 EPS for the current year.

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.