Geode Capital Management LLC Reduces Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Geode Capital Management LLC lessened its stake in Repay Holdings Co. (NASDAQ:RPAY) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,918,973 shares of the company’s stock after selling 77,964 shares during the quarter. Geode Capital Management LLC’s holdings in Repay were worth $14,645,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RPAY. State Street Corp boosted its stake in shares of Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after purchasing an additional 25,057 shares during the period. Barclays PLC lifted its holdings in Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Franklin Resources Inc. boosted its position in Repay by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,539,844 shares of the company’s stock valued at $12,273,000 after buying an additional 42,876 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Repay during the third quarter valued at about $1,122,000. Finally, JPMorgan Chase & Co. increased its position in shares of Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after acquiring an additional 112,125 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Stock Performance

Repay stock opened at $4.40 on Monday. The company has a market cap of $428.95 million, a PE ratio of -5.06 and a beta of 1.64. Repay Holdings Co. has a 12 month low of $4.29 and a 12 month high of $11.27. The company has a fifty day moving average price of $5.94 and a two-hundred day moving average price of $7.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Analysts Set New Price Targets

A number of research analysts recently commented on RPAY shares. Barclays reduced their price target on Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods decreased their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. UBS Group cut their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Finally, BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and an average price target of $9.94.

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.