Posted by admin on Aug 5th, 2022

EVO Payments, Inc. (NASDAQ:EVOP – Get Rating) insider Darren Wilson sold 24,500 shares of EVO Payments 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 completion of the sale, the insider now owns 61,441 shares of the company’s stock, valued at approximately $2,027,553. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of EVOP stock opened at $33.44 on Friday. EVO Payments, Inc. has a 52 week low of $20.07 and a 52 week high of $33.86. The stock has a market capitalization of $2.80 billion, a PE ratio of 668.93, a P/E/G ratio of 1.70 and a beta of 1.40. The firm has a 50 day moving average of $24.72 and a two-hundred day moving average of $23.73.

EVO Payments (NASDAQ:EVOP – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.52%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Analysts expect that EVO Payments, Inc. will post 1.06 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of EVOP. ACG Wealth purchased a new stake in shares of EVO Payments during the 2nd quarter worth $149,000. Advisor Group Holdings Inc. lifted its position in EVO Payments by 41.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,750 shares of the company’s stock valued at $173,000 after acquiring an additional 1,983 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in EVO Payments by 8.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,178 shares of the company’s stock valued at $189,000 after acquiring an additional 642 shares during the last quarter. Principal Financial Group Inc. lifted its position in EVO Payments by 7.6% in the first 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 last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in EVO Payments in the second quarter valued at $202,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. Northcoast Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a report on Tuesday. Truist Financial downgraded shares of EVO Payments from a “buy” rating to a “hold” rating and lifted their target price for the company from $32.00 to $34.00 in a report on Tuesday. Finally, William Blair downgraded shares of EVO Payments from an “outperform” rating to a “market perform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, EVO Payments has a consensus rating of “Hold” and a consensus price target of $30.33.

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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