Summit Creek Advisors LLC Has $12.45 Million Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Summit Creek Advisors LLC cut its holdings in shares of Repay Holdings Co. (NASDAQ:RPAY) by 0.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,631,206 shares of the company’s stock after selling 15,142 shares during the quarter. Summit Creek Advisors LLC’s holdings in Repay were worth $12,446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RPAY. Wellington Management Group LLP acquired a new stake in shares of Repay during the 3rd quarter valued at about $37,197,000. Barclays PLC lifted its holdings in shares of Repay by 2,382.5% during the 3rd 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 last quarter. Bank of Montreal Can lifted its holdings in shares of Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after buying an additional 1,286,917 shares during the last quarter. Private Management Group Inc. lifted its holdings in shares of Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after buying an additional 726,058 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Repay by 60.6% during the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after buying an additional 683,548 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RPAY has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. UBS Group cut their price objective on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Canaccord Genuity Group cut their price objective on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, DA Davidson reissued a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $5.74 on Monday. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $6.96 and its two-hundred day moving average is $7.63. The company has a market cap of $559.58 million, a P/E ratio of -6.60 and a beta of 1.54. Repay Holdings Co. has a 12 month low of $5.30 and a 12 month high of $11.27.

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.