FMR LLC & Abigail Johnson Trim RPAY Stake to 2.952%
Ticker: RPAY · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1720592
| Field | Detail |
|---|---|
| Company | Repay Holdings Corp (RPAY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC just cut its RPAY stake to 2.952%, watch for potential sentiment shift.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Repay Holdings Corp (RPAY) to 2,795,137 shares of Class A Common Stock, representing 2.952% of the company. This is an amendment to a previous filing, indicating a slight decrease in their reported beneficial ownership. This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in Repay's future performance.
Why It Matters
This filing shows a prominent institutional investor, FMR LLC, has slightly reduced its stake in Repay Holdings Corp, which could be interpreted as a minor loss of confidence or a portfolio rebalancing.
Risk Assessment
Risk Level: low — The change in ownership percentage is minor (2.952%), and FMR LLC remains a significant holder, so the immediate risk to the stock is low.
Analyst Insight
Investors should note FMR LLC's slightly reduced stake but recognize it's a minor adjustment. This filing doesn't suggest a major shift in FMR's long-term view of Repay, but it's worth monitoring future institutional ownership changes.
Key Numbers
- 2,795,137 — Shares Beneficially Owned (Total Class A Common Stock shares held by FMR LLC and Abigail P. Johnson in Repay Holdings Corp.)
- 2.952% — Percent of Class (The percentage of Repay Holdings Corp's Class A Common Stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Repay Holdings Corp (company) — issuer of the securities
- 2,795,137 (dollar_amount) — number of shares beneficially owned by FMR LLC and Abigail P. Johnson
- 2.952% (dollar_amount) — percentage of Class A Common Stock owned
Forward-Looking Statements
- FMR LLC will maintain a significant, albeit slightly reduced, passive investment in Repay Holdings Corp. (FMR LLC) — medium confidence, target: Q2 2024
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of Class A Common Stock shares of Repay Holdings Corp beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 2,795,137 shares of Repay Holdings Corp's Class A Common Stock, as indicated in Item 7 for both reporting persons.
What percentage of Repay Holdings Corp's Class A Common Stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 2.952% of Repay Holdings Corp's Class A Common Stock, as specified in Item 11 for both.
What is the CUSIP number for Repay Holdings Corp's Class A Common Stock?
The CUSIP number for Repay Holdings Corp's Class A Common Stock is #76029L100, as listed under the Cusip # on the Schedule 13G Amendment No.3.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 by Abigail P. Johnson regarding Repay Holdings Corp (RPAY).