Repay Holdings Co. (NASDAQ:RPAY) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Repay Holdings Co. (NASDAQ:RPAY) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,967 shares of the company’s stock after selling 2,825 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Repay were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in Repay in the fourth quarter valued at $103,000. SG Americas Securities LLC acquired a new position in Repay in the third quarter valued at $134,000. Simplicity Solutions LLC increased its stake in Repay by 17.4% in the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after purchasing an additional 2,744 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Repay by 18.5% in the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Repay by 19.7% in the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after purchasing an additional 3,669 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Price Performance

Shares of NASDAQ RPAY opened at $10.97 on Thursday. Repay Holdings Co. has a 1-year low of $5.63 and a 1-year high of $11.22. The business has a 50-day moving average of $10.20 and a 200-day moving average of $8.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -8.99 and a beta of 1.36.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $75.99 million during the quarter, compared to the consensus estimate of $69.94 million. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. On average, equities analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current fiscal year.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 4,925 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $10.00, for a total value of $49,250.00. Following the completion of the transaction, the chief financial officer now owns 652,011 shares of the company’s stock, valued at $6,520,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 116,019 shares of company stock valued at $1,220,382. Insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RPAY shares. Benchmark started coverage on Repay in a research note on Tuesday, February 13th. They set a “buy” rating and a $10.00 price target for the company. Truist Financial restated a “buy” rating and set a $13.00 price target (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Friday, March 1st. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a research note on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods upped their price target on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.25.

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.