EVO Payments (NASDAQ:EVOP) Downgraded by William Blair to “Market Perform”

William Blair lowered shares of EVO Payments (NASDAQ:EVOP – Get Rating) from an outperform rating to a market perform rating in a report released on Tuesday morning, Marketbeat reports.

EVO Payments Stock Down 0.6 %

Shares of NASDAQ EVOP opened at $33.51 on Tuesday. The company’s fifty day moving average is $24.30 and its 200-day moving average is $23.59. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 1,117.37, a P/E/G ratio of 1.39 and a beta of 1.40. EVO Payments has a twelve month low of $20.07 and a twelve month high of $33.86.

EVO Payments (NASDAQ:EVOP – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $137.70 million for the quarter, compared to analysts’ expectations of $138.59 million. EVO Payments had a net margin of 2.33% and a negative return on equity of 11.72%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. On average, research analysts anticipate that EVO Payments will post 1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On EVO Payments

Institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. lifted its position in EVO Payments by 13.1% in the 4th quarter. Kennedy Capital Management Inc. now owns 110,146 shares of the company’s stock valued at $2,820,000 after acquiring an additional 12,725 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in EVO Payments in the 4th quarter valued at $232,000. State of New Jersey Common Pension Fund D bought a new stake in EVO Payments in the 4th quarter valued at $3,411,000. Reinhart Partners Inc. lifted its position in EVO Payments by 5.0% in the 1st quarter. Reinhart Partners Inc. now owns 1,307,925 shares of the company’s stock valued at $30,200,000 after acquiring an additional 61,754 shares in the last quarter. Finally, Wrapmanager Inc. lifted its position in EVO Payments by 5.7% in the 4th quarter. Wrapmanager Inc. now owns 31,103 shares of the company’s stock valued at $796,000 after acquiring an additional 1,681 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

EVO Payments Company Profile

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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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