EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $27.82, for a total value of $55,640.00. Following the completion of the sale, the executive vice president now directly owns 356,563 shares of the company’s stock, valued at approximately $9,919,582.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
NASDAQ EVOP traded up $0.29 during trading on Tuesday, hitting $28.03. 332,035 shares of the company traded hands, compared to its average volume of 352,438. EVO Payments Inc has a 12 month low of $21.81 and a 12 month high of $31.93. The business has a fifty day simple moving average of $28.13 and a 200 day simple moving average of $29.00. The company has a market capitalization of $2.30 billion, a P/E ratio of -18.94, a PEG ratio of 3.56 and a beta of 0.59.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $152.60 million during the quarter, compared to the consensus estimate of $146.83 million. EVO Payments had a negative return on equity of 5.02% and a negative net margin of 2.11%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. On average, equities research analysts predict that EVO Payments Inc will post 0.55 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. Wells Fargo & Co assumed coverage on shares of EVO Payments in a research report on Monday, October 21st. They set an “outperform” rating and a $32.00 price objective on the stock. BTIG Research reiterated a “hold” rating on shares of EVO Payments in a research note on Thursday, August 8th. Zacks Investment Research downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, ValuEngine lowered shares of EVO Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.81.
Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in EVO Payments by 170.8% during the second quarter. JPMorgan Chase & Co. now owns 151,825 shares of the company’s stock worth $4,709,000 after purchasing an additional 95,757 shares during the period. Castleark Management LLC raised its position in shares of EVO Payments by 85.1% in the third quarter. Castleark Management LLC now owns 216,085 shares of the company’s stock valued at $6,076,000 after purchasing an additional 99,355 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of EVO Payments by 28.2% in the third quarter. Chartwell Investment Partners LLC now owns 143,120 shares of the company’s stock worth $4,025,000 after buying an additional 31,450 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of EVO Payments by 191.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 87,400 shares of the company’s stock worth $2,458,000 after buying an additional 57,400 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of EVO Payments by 7.1% during the 3rd quarter. First Trust Advisors LP now owns 70,886 shares of the company’s stock worth $1,993,000 after buying an additional 4,698 shares during the period. 48.20% of the stock is currently owned by institutional investors and hedge funds.
EVO Payments Company Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 billion transactions in Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, security tokenization, and encryption solutions at the point-of-sale and online; dynamic currency conversion; loyalty offers; and other ancillary solutions.
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