Posted by admin on Aug 19th, 2022

New York State Common Retirement Fund lifted its position in shares of EVO Payments, Inc. (NASDAQ:EVOP – Get Rating) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,553 shares of the company’s stock after purchasing an additional 1,076 shares during the period. New York State Common Retirement Fund owned about 0.07% of EVO Payments worth $798,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisor Group Holdings Inc. lifted its position in shares of EVO Payments by 41.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,750 shares of the company’s stock worth $173,000 after purchasing an additional 1,983 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of EVO Payments in the fourth quarter worth $232,000. ProShare Advisors LLC bought a new stake in shares of EVO Payments in the fourth quarter worth $265,000. Virginia Retirement Systems ET AL bought a new stake in shares of EVO Payments in the first quarter worth $279,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of EVO Payments by 14.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 11,700 shares of the company’s stock worth $300,000 after buying an additional 1,500 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on EVOP. BTIG Research lowered shares of EVO Payments from a “buy” rating to a “neutral” rating in a research note on Tuesday. Northcoast Research lowered shares of EVO Payments from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 2nd. William Blair lowered shares of EVO Payments from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. Finally, Truist Financial lowered shares of EVO Payments from a “buy” rating to a “hold” rating and boosted their target price for the company from $32.00 to $34.00 in a research note on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, EVO Payments presently has an average rating of “Hold” and a consensus price target of $30.33.

In other news, insider Darren Wilson sold 24,500 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $33.00, for a total transaction of $808,500.00. Following the completion of the transaction, the insider now owns 61,441 shares in the company, valued at $2,027,553. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael L. Reidenbach sold 42,000 shares of the business’s 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 sale, the executive vice president now directly owns 45,068 shares in the company, valued at approximately $1,488,596.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darren Wilson sold 24,500 shares of the firm’s stock in a transaction that occurred 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 owns 61,441 shares of the company’s stock, valued at $2,027,553. The disclosure for this sale can be found here. Insiders own 42.60% of the company’s stock.

EVOP stock opened at $33.47 on Friday. EVO Payments, Inc. has a 1-year low of $20.07 and a 1-year high of $33.86. The firm has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $24.42. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 669.53, a PEG ratio of 2.06 and a beta of 1.40.

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