According to Zacks, “EVO Payments International LLC is a payments service provider of merchant acquiring and processing solutions for merchants, independent software vendors, financial institutions, independent sales organizations, government organizations and multinational corporations. It operates primarily in North America and Europe. EVO Payments International LLC is located in Atlanta, Georgia. “
Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of EVO Payments from a hold rating to a buy rating in a report on Wednesday. First Analysis started coverage on shares of EVO Payments in a report on Thursday, January 31st. They set an outperform rating and a $28.00 target price on the stock. Finally, Bank of America downgraded shares of EVO Payments from a neutral rating to an underperform rating and dropped their target price for the stock from $28.00 to $23.00 in a report on Tuesday, January 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $25.55.
EVO Payments (NASDAQ:EVOP) last announced its earnings results on Thursday, May 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $111.50 million for the quarter, compared to analyst estimates of $134.45 million. The business’s quarterly revenue was down 13.1% on a year-over-year basis. On average, sell-side analysts forecast that EVO Payments will post 0.55 earnings per share for the current year.
In other news, EVP Groot Steven J. De sold 6,000 shares of EVO Payments stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $28.00, for a total value of $168,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael L. Reidenbach sold 2,000 shares of EVO Payments stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.75, for a total transaction of $53,500.00. The disclosure for this sale can be found here. Insiders sold 22,723 shares of company stock worth $653,030 over the last quarter.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Advisory Inc. raised its holdings in shares of EVO Payments by 11.2% in the fourth quarter. Brown Advisory Inc. now owns 2,543,612 shares of the company’s stock valued at $62,751,000 after purchasing an additional 256,261 shares during the last quarter. BlackRock Inc. raised its holdings in shares of EVO Payments by 80.9% in the fourth quarter. BlackRock Inc. now owns 1,769,998 shares of the company’s stock valued at $43,666,000 after purchasing an additional 791,431 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in shares of EVO Payments by 8.0% in the first quarter. Eagle Asset Management Inc. now owns 1,626,607 shares of the company’s stock valued at $47,252,000 after purchasing an additional 119,804 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of EVO Payments by 78.2% in the third quarter. Vanguard Group Inc now owns 1,620,579 shares of the company’s stock valued at $38,731,000 after purchasing an additional 711,204 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of EVO Payments by 78.2% in the third quarter. Vanguard Group Inc. now owns 1,620,579 shares of the company’s stock valued at $38,731,000 after purchasing an additional 711,204 shares during the last quarter. Institutional investors own 35.97% of the company’s stock.
About EVO Payments
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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