EVO Payments, Inc. (NASDAQ:EVOP) Insider Sells $116,305.00 in Stock

EVO Payments, Inc. (NASDAQ:EVOPGet Rating) insider Darren Wilson sold 3,500 shares of the stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $33.23, for a total transaction of $116,305.00. Following the sale, the insider now owns 54,441 shares of the company’s stock, valued at approximately $1,809,074.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Darren Wilson also recently made the following trade(s):

  • On Friday, August 19th, Darren Wilson sold 3,500 shares of EVO Payments stock. The stock was sold at an average price of $33.45, for a total transaction of $117,075.00.
  • On Monday, August 1st, Darren Wilson sold 24,500 shares of EVO Payments stock. The stock was sold at an average price of $33.00, for a total transaction of $808,500.00.

EVO Payments Trading Down 0.1 %

Shares of NASDAQ EVOP opened at $33.21 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 664.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. EVO Payments, Inc. has a 1 year low of $20.07 and a 1 year high of $33.86. The firm’s 50-day moving average is $31.80 and its 200-day moving average is $26.10.

EVO Payments (NASDAQ:EVOPGet Rating) last issued its earnings results on Monday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $137.70 million for the quarter, compared to analyst estimates of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.57%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. As a group, equities research analysts anticipate that EVO Payments, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of EVO Payments by 14.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 587,757 shares of the company’s stock valued at $13,824,000 after purchasing an additional 73,043 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in EVO Payments by 10.0% during the 2nd quarter. DF Dent & Co. Inc. now owns 656,085 shares of the company’s stock worth $15,431,000 after acquiring an additional 59,560 shares during the last quarter. State Street Corp boosted its stake in EVO Payments by 2.5% during the 2nd quarter. State Street Corp now owns 1,045,709 shares of the company’s stock worth $24,595,000 after acquiring an additional 25,777 shares during the last quarter. Citadel Advisors LLC boosted its stake in EVO Payments by 223.9% during the 2nd quarter. Citadel Advisors LLC now owns 101,685 shares of the company’s stock worth $2,392,000 after acquiring an additional 70,291 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in EVO Payments by 111.2% during the 2nd quarter. Sei Investments Co. now owns 249,253 shares of the company’s stock worth $5,909,000 after acquiring an additional 131,262 shares during the last quarter. Institutional investors own 57.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EVOP shares. William Blair lowered shares of EVO Payments from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Northcoast Research lowered shares of EVO Payments from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. Truist Financial lowered shares of EVO Payments from a “buy” rating to a “hold” rating and increased their price objective for the stock from $32.00 to $34.00 in a report on Tuesday, August 2nd. Finally, BTIG Research lowered shares of EVO Payments from a “buy” rating to a “neutral” rating in a report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.33.

About EVO Payments

(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.

Further Reading

Receive News & Ratings for EVO Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVO Payments and related companies with MarketBeat.com's FREE daily email newsletter.