3,600 Shares in BTRS Holdings Inc. (NASDAQ:BTRS) Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC purchased a new position in BTRS Holdings Inc. (NASDAQ:BTRSGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,600 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently bought and sold shares of the stock. Senvest Management LLC increased its stake in shares of BTRS by 230.3% during the fourth quarter. Senvest Management LLC now owns 8,413,672 shares of the company’s stock valued at $65,795,000 after purchasing an additional 5,866,172 shares in the last quarter. W Capital Management LLC bought a new position in shares of BTRS during the fourth quarter valued at approximately $57,976,000. TimesSquare Capital Management LLC increased its stake in shares of BTRS by 15.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 4,738,543 shares of the company’s stock valued at $37,055,000 after purchasing an additional 641,868 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BTRS by 778.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,241,421 shares of the company’s stock valued at $25,348,000 after purchasing an additional 2,872,363 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of BTRS by 38.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,326,419 shares of the company’s stock valued at $18,193,000 after purchasing an additional 649,752 shares in the last quarter. 75.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, KeyCorp decreased their target price on shares of BTRS from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Insider Buying and Selling

In related news, President Steven Pinado sold 13,151 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $4.74, for a total value of $62,335.74. Following the sale, the president now owns 508,150 shares in the company, valued at $2,408,631. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Steven Pinado sold 13,151 shares of BTRS stock in a transaction on Monday, May 16th. The shares were sold at an average price of $4.74, for a total transaction of $62,335.74. Following the transaction, the president now owns 508,150 shares in the company, valued at approximately $2,408,631. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andrew J. Herning sold 5,496 shares of BTRS stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $4.93, for a total transaction of $27,095.28. Following the transaction, the senior vice president now owns 93,105 shares in the company, valued at approximately $459,007.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,956 shares of company stock worth $95,636. 19.40% of the stock is owned by insiders.

BTRS Stock Up 5.7 %

NASDAQ:BTRS opened at $6.45 on Monday. BTRS Holdings Inc. has a 52 week low of $3.95 and a 52 week high of $12.32. The company’s 50 day moving average price is $5.16 and its 200-day moving average price is $5.96. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -15.36 and a beta of 0.46.

BTRS (NASDAQ:BTRSGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). BTRS had a negative return on equity of 16.50% and a negative net margin of 39.64%. The company had revenue of $37.05 million during the quarter, compared to analysts’ expectations of $37.63 million. As a group, sell-side analysts anticipate that BTRS Holdings Inc. will post -0.32 earnings per share for the current year.

About BTRS

(Get Rating)

BTRS Holdings Inc provides cloud-based software and integrated payment processing solutions that automates business-to-business (B2B) commerce worldwide. The company operates in two segments, Print, and Software and Payments. The company offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections.

See Also

Institutional Ownership by Quarter for BTRS (NASDAQ:BTRS)

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