Timothy John Murphy Sells 57,000 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $8.16 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 12-month low of $7.04 and a 12-month high of $11.27. The firm’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $8.78.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Repay’s revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.83.

Hedge Funds Weigh In On Repay

Several large investors have recently made changes to their positions in RPAY. Wellington Management Group LLP bought a new stake in Repay during the 3rd quarter worth about $37,197,000. Millennium Management LLC raised its stake in shares of 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 buying an additional 1,503,919 shares during the last quarter. Barclays PLC lifted its holdings in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares during the period. Bank of Montreal Can boosted its stake in Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after acquiring an additional 1,286,917 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in Repay by 89.9% during 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 period. Institutional investors and hedge funds own 82.73% 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.