Repay Holdings Co. (NASDAQ:RPAY) CFO Sells $470,250.00 in Stock

Repay Holdings Co. (NASDAQ:RPAY) CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was 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 $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Repay Stock Performance

NASDAQ:RPAY opened at $8.16 on Friday. The company has a market cap of $796.69 million, a price-to-earnings ratio of -9.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock’s 50 day simple moving average is $8.04 and its two-hundred day simple moving average is $8.79. Repay Holdings Co. has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Repay

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Diversified Trust Co boosted its holdings in Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 shares during the period. Blue Trust Inc. boosted its holdings in Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Repay by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock valued at $264,000 after acquiring an additional 3,661 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Repay by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company’s stock valued at $365,000 after acquiring an additional 4,138 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Repay by 3.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 158,031 shares of the company’s stock valued at $1,669,000 after acquiring an additional 5,778 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Repay has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

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.