Stifel Financial Corp bought a new position in shares of EVO Payments Inc (NASDAQ:EVOP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,658 shares of the company’s stock, valued at approximately $362,000.
Several other hedge funds also recently made changes to their positions in the company. Citigroup Inc. acquired a new position in shares of EVO Payments during the fourth quarter worth approximately $67,000. Chartwell Investment Partners LLC lifted its position in shares of EVO Payments by 3.2% during the fourth quarter. Chartwell Investment Partners LLC now owns 105,507 shares of the company’s stock worth $2,603,000 after purchasing an additional 3,265 shares in the last quarter. Lisanti Capital Growth LLC lifted its position in shares of EVO Payments by 5.1% during the fourth quarter. Lisanti Capital Growth LLC now owns 97,960 shares of the company’s stock worth $2,417,000 after purchasing an additional 4,775 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of EVO Payments during the third quarter worth approximately $273,000. Finally, Pier 88 Investment Partners LLC acquired a new position in shares of EVO Payments during the fourth quarter worth approximately $298,000. Institutional investors own 35.96% of the company’s stock.
Shares of NASDAQ EVOP opened at $28.32 on Tuesday. EVO Payments Inc has a fifty-two week low of $19.00 and a fifty-two week high of $30.45.
EVO Payments (NASDAQ:EVOP) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). The company had revenue of $150.82 million for the quarter, compared to analyst estimates of $150.70 million. On average, analysts expect that EVO Payments Inc will post 0.55 EPS for the current year.
A number of equities analysts have recently issued reports on EVOP shares. ValuEngine lowered shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research lowered shares of EVO Payments from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. First Analysis assumed coverage on shares of EVO Payments in a research report on Thursday, January 31st. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Bank of America lowered shares of EVO Payments from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $28.00 to $23.00 in a report on Tuesday, January 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. EVO Payments currently has a consensus rating of “Hold” and a consensus price target of $25.55.
In other EVO Payments news, EVP Michael L. Reidenbach sold 2,000 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $25.16, for a total value of $50,320.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Groot Steven J. De sold 6,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $28.00, for a total transaction of $168,000.00. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock worth $406,420 over the last 90 days.
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EVO Payments Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 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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