Sompo Asset Management Co. Ltd. Raises Stock Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Sompo Asset Management Co. Ltd. grew its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,740 shares of the company’s stock after acquiring an additional 8,550 shares during the quarter. Sompo Asset Management Co. Ltd. owned about 0.08% of Repay worth $601,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Repay by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company’s stock valued at $264,000 after buying an additional 4,635 shares during the period. Continental Advisors LLC bought a new stake in shares of Repay during the 4th quarter valued at $698,000. Tower Research Capital LLC TRC increased its stake in shares of Repay by 815.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,429 shares of the company’s stock worth $141,000 after purchasing an additional 16,416 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Repay by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock worth $33,114,000 after purchasing an additional 243,743 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Repay by 81.2% in the fourth quarter. Marshall Wace LLP now owns 782,098 shares of the company’s stock worth $5,967,000 after buying an additional 350,424 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Down 0.9 %

NASDAQ:RPAY opened at $4.32 on Wednesday. The firm has a market capitalization of $421.15 million, a P/E ratio of -4.97 and a beta of 1.64. The company’s fifty day moving average price is $5.82 and its 200-day moving average price is $7.13. Repay Holdings Co. has a 1-year low of $4.24 and a 1-year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 report on Tuesday, March 4th. BMO Capital Markets lowered their price target on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. DA Davidson reaffirmed a “buy” rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Finally, Stephens reiterated an “overweight” rating and issued a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Repay presently has a consensus rating of “Moderate Buy” and a consensus 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.