Repay Holdings Co. (NASDAQ:RPAY) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Repay Holdings Co. (NASDAQ:RPAY) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,171,648 shares of the company’s stock after acquiring an additional 267,184 shares during the quarter. American Century Companies Inc. owned approximately 4.27% of Repay worth $31,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in Repay during the third quarter worth about $37,197,000. River Road Asset Management LLC raised its position in shares of Repay by 31.7% during the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after buying an additional 599,840 shares during the period. State Street Corp raised its position in shares of Repay by 1.1% during the 3rd quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after buying an additional 25,057 shares during the period. Geode Capital Management LLC lifted its holdings in Repay by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,996,937 shares of the company’s stock valued at $16,298,000 after acquiring an additional 32,613 shares during the last quarter. Finally, Royce & Associates LP grew its position in Repay by 60.6% in the fourth quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock worth $13,826,000 after acquiring an additional 683,548 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RPAY shares. UBS Group decreased their price target on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Stephens reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. BMO Capital Markets dropped their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Finally, DA Davidson reiterated a “buy” rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.31.

Repay Stock Performance

Shares of Repay stock opened at $5.48 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a one year low of $5.30 and a one year high of $11.27. The company has a market cap of $534.23 million, a PE ratio of -6.30 and a beta of 1.54. The business has a 50-day simple moving average of $6.80 and a 200-day simple moving average of $7.55.

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.