AlphaQuest LLC Buys 40,041 Shares of Repay Holdings Co. (NASDAQ:RPAY)

AlphaQuest LLC boosted its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 134.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,861 shares of the company’s stock after purchasing an additional 40,041 shares during the period. AlphaQuest LLC’s holdings in Repay were worth $533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Repay by 29.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 28,869 shares of the company’s stock worth $220,000 after purchasing an additional 6,610 shares during the last quarter. Bailard Inc. lifted its stake in Repay by 5.7% during the fourth quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after purchasing an additional 2,300 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Repay by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 347,309 shares of the company’s stock worth $2,650,000 after purchasing an additional 34,722 shares during the last quarter. Olympiad Research LP bought a new stake in Repay during the fourth quarter worth $80,000. Finally, Bfsg LLC lifted its stake in Repay by 29.9% during the fourth quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after purchasing an additional 3,830 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on RPAY shares. UBS Group cut their target price on Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Stephens reiterated an “overweight” rating and issued a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Canaccord Genuity Group dropped their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Barclays dropped their price target on Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Repay has an average rating of “Moderate Buy” and an average target price of $10.31.

Repay Stock Performance

NASDAQ RPAY opened at $5.71 on Thursday. The company has a market capitalization of $556.66 million, a price-to-earnings ratio of -6.56 and a beta of 1.54. Repay Holdings Co. has a twelve month low of $5.63 and a twelve month high of $11.27. The stock has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $7.76. 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 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.