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Shares of EVO Payments, Inc. (NASDAQ:EVOP - Get Rating) have been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.00.
A number of equities research analysts have issued reports on EVOP shares. BTIG Research downgraded EVO Payments from a "buy" rating to a "neutral" rating in a research report on Tuesday. Northcoast Research downgraded EVO Payments from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 2nd. Truist Financial downgraded EVO Payments from a "buy" rating to a "hold" rating and upped their price objective for the company from $32.00 to $34.00 in a research report on Tuesday, August 2nd. Finally, William Blair downgraded EVO Payments from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 2nd.EVO Payments Trading Down 0.4 %
Shares of EVO Payments stock opened at $33.53 on Tuesday. The stock has a 50 day moving average of $26.16 and a 200 day moving average of $24.22. EVO Payments has a 12 month low of $20.07 and a 12 month high of $33.86. The firm has a market cap of $2.81 billion, a PE ratio of 670.73, a PEG ratio of 2.07 and a beta of 1.40.
EVO Payments (NASDAQ:EVOP - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. EVO Payments had a negative return on equity of 13.57% and a net margin of 2.49%. The company had revenue of $137.70 million during the quarter, compared to analyst estimates of $138.59 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts forecast that EVO Payments will post 0.88 earnings per share for the current fiscal year. Insider Transactions at EVO Payments
In other news, insider Darren Wilson sold 24,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $33.00, for a total value of $808,500.00. Following the sale, 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 SEC, which is available at this link. In other EVO Payments news, insider Darren Wilson sold 24,500 shares of the firm's 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 transaction, the insider now directly owns 61,441 shares in the company, valued at approximately $2,027,553. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael L. Reidenbach sold 42,000 shares of the firm's stock in a transaction on Monday, August 1st. The stock was 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 owns 45,068 shares in the company, valued at $1,488,596.04. The disclosure for this sale can be found here. Company insiders own 42.60% of the company's stock. Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EVOP. Eagle Asset Management Inc. bought a new stake in EVO Payments during the 1st quarter valued at $28,300,000. Shapiro Capital Management LLC boosted its position in EVO Payments by 108.8% during the 1st quarter. Shapiro Capital Management LLC now owns 1,169,969 shares of the company's stock valued at $27,015,000 after acquiring an additional 609,713 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in EVO Payments by 17.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,546,199 shares of the company's stock valued at $90,783,000 after acquiring an additional 526,837 shares in the last quarter. Victory Capital Management Inc. bought a new stake in EVO Payments during the 2nd quarter valued at $11,803,000. Finally, Bank of America Corp DE boosted its position in EVO Payments by 26.6% during the 4th quarter. Bank of America Corp DE now owns 1,684,376 shares of the company's stock valued at $43,119,000 after acquiring an additional 353,563 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors. EVO Payments Company Profile (Get Rating)
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.Featured StoriesGet a free copy of the StockNews.com research report on EVO Payments (EVOP)3 Blowout Earnings Reports That Could Mark Turning Points3 Stocks Set to Lead the Nasdaq Bull MarketWill CrowdStrike Extend Its Streak Of Topping Earnings Views? Skyworks Solutions Is Worth A Look At These Prices MarketBeat Podcast: ESG - Profitably Invest Your Values
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