Posted by admin on Aug 19th, 2022

EVO Payments, Inc. (NASDAQ:EVOP – Get Rating) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.00.

A number of equities research analysts recently weighed in on EVOP shares. Truist Financial downgraded EVO Payments from a “buy” rating to a “hold” rating and lifted their target price for the stock from $32.00 to $34.00 in a research report on Tuesday, August 2nd. William Blair downgraded EVO Payments from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. Northcoast Research cut EVO Payments from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. Finally, BTIG Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a research note on Tuesday.

In other news, insider Darren Wilson sold 24,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.00, for a total transaction of $808,500.00. Following the transaction, the insider now directly owns 61,441 shares in the company, valued at $2,027,553. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Michael L. Reidenbach sold 42,000 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.03, for a total value of $1,387,260.00. Following the transaction, the executive vice president now directly owns 45,068 shares in the company, valued at $1,488,596.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Darren Wilson sold 24,500 shares of EVO Payments stock in a transaction on Monday, August 1st. The stock was sold at an average price of $33.00, for a total transaction of $808,500.00. Following the sale, the insider now directly owns 61,441 shares of the company’s stock, valued at approximately $2,027,553. The disclosure for this sale can be found here. 42.60% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in EVOP. ACG Wealth bought a new stake in EVO Payments in the second quarter valued at about $149,000. Advisor Group Holdings Inc. grew its position in shares of EVO Payments by 41.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,750 shares of the company’s stock worth $173,000 after buying an additional 1,983 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of EVO Payments by 8.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,178 shares of the company’s stock worth $189,000 after buying an additional 642 shares during the period. Lazard Asset Management LLC increased its stake in shares of EVO Payments by 5,954.0% in the 2nd quarter. Lazard Asset Management LLC now owns 8,294 shares of the company’s stock valued at $195,000 after acquiring an additional 8,157 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of EVO Payments by 7.6% in the 1st quarter. Principal Financial Group Inc. now owns 8,674 shares of the company’s stock valued at $200,000 after acquiring an additional 616 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Shares of EVOP opened at $33.47 on Tuesday. The business’s 50-day moving average is $26.78 and its 200-day moving average is $24.42. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 669.53, a P/E/G ratio of 2.06 and a beta of 1.40. EVO Payments has a fifty-two week low of $20.07 and a fifty-two week high of $33.86.

EVO Payments (NASDAQ:EVOP – Get Rating) last released its quarterly earnings results on Monday, August 1st. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $137.70 million for the quarter, compared to the consensus estimate of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.57%. EVO Payments’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Equities research analysts expect that EVO Payments will post 0.88 earnings per share for the current fiscal year.

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions consist of EMV, chip and signature enabled POS terminals, virtual POS terminals for desktops, mobile acceptance and mPOS solutions software-based POS solutions, online hosted payments, and integrated payment service provider.

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