Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC reduced its position in Repay Holdings Co. (NASDAQ:RPAY) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 298,069 shares of the company’s stock after selling 33,860 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Repay were worth $2,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of Repay in the 3rd quarter worth $37,197,000. State Street Corp increased its stake in shares of Repay by 1.1% in the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company’s stock worth $18,578,000 after acquiring an additional 25,057 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Repay by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock worth $16,298,000 after acquiring an additional 32,613 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Repay by 89.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after acquiring an additional 895,429 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in shares of Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after acquiring an additional 726,058 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 57,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analysts Forecast Growth

RPAY has been the subject of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Thursday, February 13th. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.33.

Repay Stock Up 0.3 %

Shares of NASDAQ:RPAY opened at $7.18 on Thursday. The business has a 50-day moving average price of $7.50 and a 200 day moving average price of $7.90. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $701.00 million, a price-to-earnings ratio of -8.25 and a beta of 1.43. Repay Holdings Co. has a 12-month low of $7.08 and a 12-month high of $11.27.

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.