Oak Ridge Investments LLC Reduces Position in Repay Holdings Co. (NASDAQ:RPAY)

Oak Ridge Investments LLC decreased its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,028 shares of the company’s stock after selling 2,861 shares during the period. Oak Ridge Investments LLC’s holdings in Repay were worth $4,602,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Repay during the first quarter worth $35,000. Signaturefd LLC purchased a new stake in shares of Repay in the fourth quarter valued at $55,000. Nisa Investment Advisors LLC grew its position in shares of Repay by 51.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,350 shares of the company’s stock valued at $64,000 after purchasing an additional 800 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Repay in the fourth quarter valued at $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Repay by 36.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,750 shares of the company’s stock valued at $211,000 after purchasing an additional 2,076 shares during the period. 89.66% of the stock is owned by institutional investors.

Shares of RPAY opened at $23.80 on Friday. The stock’s 50-day moving average is $23.16. The firm has a market capitalization of $1.91 billion, a PE ratio of -29.75 and a beta of 0.79. Repay Holdings Co. has a 12 month low of $20.18 and a 12 month high of $28.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 6.91 and a current ratio of 6.91.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Sunday, May 9th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $47.52 million for the quarter, compared to analysts’ expectations of $44.87 million. Repay had a positive return on equity of 4.80% and a negative net margin of 28.90%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts predict that Repay Holdings Co. will post 0.58 EPS for the current year.

A number of brokerages have recently commented on RPAY. Citigroup began coverage on Repay in a research report on Wednesday, March 24th. They issued a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research downgraded Repay from a “buy” rating to a “hold” rating in a research report on Wednesday, May 5th. Wells Fargo & Company upgraded Repay from an “equal weight” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Tuesday, March 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on Repay in a report on Wednesday, March 24th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Repay from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 14th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Repay has a consensus rating of “Buy” and an average target price of $28.64.

In other news, CFO Timothy John Murphy sold 25,267 shares of Repay stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $25.00, for a total transaction of $631,675.00. Following the sale, the chief financial officer now directly owns 374,904 shares of the company’s stock, valued at $9,372,600. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Tyler B. Dempsey sold 10,000 shares of Repay stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $23.38, for a total value of $233,800.00. Following the sale, the general counsel now directly owns 179,971 shares in the company, valued at $4,207,721.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,421 shares of company stock worth $915,039. Corporate insiders own 16.54% of the company’s stock.

Repay Profile

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding.

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Institutional Ownership by Quarter for Repay (NASDAQ:RPAY)

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