First Eagle Investment Management LLC Acquires Shares of 233,000 Repay Holdings Co. (NASDAQ:RPAY)

First Eagle Investment Management LLC acquired a new stake in shares of Repay Holdings Co. (NASDAQ:RPAY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 233,000 shares of the company’s stock, valued at approximately $1,778,000. First Eagle Investment Management LLC owned approximately 0.24% of Repay as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Repay during the 4th quarter valued at approximately $36,000. Blue Trust Inc. boosted its position in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Repay in the fourth quarter valued at $80,000. Point72 DIFC Ltd bought a new stake in Repay in the third quarter worth $99,000. Finally, Entropy Technologies LP purchased a new stake in Repay during the third quarter valued at $109,000. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

RPAY opened at $5.67 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 has a fifty day moving average of $7.13 and a 200 day moving average of $7.72. Repay Holdings Co. has a 52-week low of $5.30 and a 52-week high of $11.27. The stock has a market cap of $552.76 million, a P/E ratio of -6.52 and a beta of 1.54.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RPAY. Keefe, Bruyette & Woods reduced their target price 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. UBS Group decreased their price objective on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their target price on Repay from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Monday, March 10th. BMO Capital Markets decreased 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. Finally, DA Davidson restated a “buy” rating and issued a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.31.

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.