Whittier Trust Co. Purchases New Stake in Usio Inc $USIO

Whittier Trust Co. purchased a new stake in shares of Usio Inc (NASDAQ:USIO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,713,852 shares of the company’s stock, valued at approximately $3,202,000. Whittier Trust Co. owned about 0.10% of Usio at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in shares of Usio by 246.1% in the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after purchasing an additional 20,161 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Usio by 34.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after buying an additional 15,334 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Usio by 103.7% during the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after buying an additional 39,959 shares during the period. Scoggin Management LP acquired a new position in Usio in the 3rd quarter valued at about $114,000. Finally, North Star Investment Management Corp. acquired a new position in Usio in the 1st quarter valued at about $205,000. 20.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on USIO shares. HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Usio in a research report on Friday, March 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Usio in a research note on Wednesday, June 24th. LADENBURG THALM/SH SH lifted their price target on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.12.

Usio Stock Performance

Usio stock traded down $0.12 during midday trading on Tuesday, hitting $2.36. The company’s stock had a trading volume of 19,309 shares, compared to its average volume of 74,744. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $65.16 million, a price-to-earnings ratio of -29.51 and a beta of 1.30. Usio Inc has a 1-year low of $1.03 and a 1-year high of $2.62. The company has a 50-day moving average price of $1.65 and a two-hundred day moving average price of $1.42.

Usio (NASDAQ:USIO) last announced its earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. The firm had revenue of $25.47 million for the quarter, compared to analyst estimates of $23.20 million. As a group, sell-side analysts predict that Usio Inc will post -0.01 earnings per share for the current year.

About Usio

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.