SCHEDULE 13G: American Century Investment Management Discloses 5.1% Passive Stake in Repay Holdings Corporation

American Century Investment Management, Inc., along with its affiliates, has reported a 5.1% beneficial ownership stake in Repay Holdings Corporation's Class A Common Stock as of December 31, 2024.

Summary

• American Century Investment Management, Inc., American Century Companies, Inc., and Stowers Institute for Medical Research collectively reported beneficial ownership of 4,692,913 shares of Repay Holdings Corporation's Class A Common Stock.
• This aggregate amount represents 5.1% of the Class A Common Stock outstanding.
• The filing indicates that American Century Investment Management, Inc. holds sole voting power over 4,541,856 shares and sole dispositive power over 4,692,913 shares.
• The investment is classified as a passive stake, acquired and held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Repay Holdings Corporation.
• The filing was made under Rule 13d-1(b), which is for institutional investors holding a passive stake of 5% or more.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates an institutional investor's confidence in the company by holding a significant stake, albeit passively. There are no negative implications from this specific filing.

Positives

• The disclosure of a 5.1% stake by a prominent institutional investor like American Century Investment Management, Inc. may signal confidence in Repay Holdings Corporation's long-term prospects.

Risks

• The investment is passive, meaning American Century Investment Management, Inc. does not intend to influence or change the control of Repay Holdings Corporation, which limits potential activist engagement.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding Repay Holdings Corporation's future outlook.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of a passive investment stake by an institutional asset manager in a publicly traded company within the financial technology and payment processing sector. It does not provide specific insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially reinforcing confidence in the stock due to a reputable investor's stake.

Key Dates

Keywords

Repay Holdings Corporation, American Century Investment Management, SEC filing, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, passive stake, financial services, payment processing