Repay Holdings Co. (NASDAQ:RPAY) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its position in Repay Holdings Co. (NASDAQ:RPAY) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,539,844 shares of the company’s stock after buying an additional 42,876 shares during the period. Franklin Resources Inc. owned about 1.58% of Repay worth $12,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP purchased a new stake in Repay in the 3rd quarter valued at about $37,197,000. Dimensional Fund Advisors LP boosted its position in shares of Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after acquiring an additional 45,656 shares during the last quarter. American Century Companies Inc. grew its holdings in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after purchasing an additional 158,668 shares during the period. Millennium Management LLC increased its position in Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after purchasing an additional 1,503,919 shares during the last quarter. Finally, State Street Corp raised its stake in Repay by 1.1% during the third quarter. State Street Corp now owns 2,276,719 shares of the company’s stock worth $18,578,000 after purchasing an additional 25,057 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Trading Down 1.4 %

Shares of RPAY stock opened at $7.78 on Friday. Repay Holdings Co. has a fifty-two week low of $7.04 and a fifty-two week high of $11.27. The firm’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $8.72. The stock has a market cap of $759.58 million, a price-to-earnings ratio of -8.94 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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the company earned $0.16 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value 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 approximately $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.00% of the company’s stock.

Repay Company 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.