EVO Payments, Inc. (NASDAQ:EVOP) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its holdings in EVO Payments, Inc. (NASDAQ:EVOPGet Rating) by 5,954.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,294 shares of the company’s stock after purchasing an additional 8,157 shares during the quarter. Lazard Asset Management LLC’s holdings in EVO Payments were worth $195,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in EVO Payments by 7.6% during the 1st quarter. Principal Financial Group Inc. now owns 8,674 shares of the company’s stock worth $200,000 after acquiring an additional 616 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in EVO Payments by 8.5% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,178 shares of the company’s stock worth $189,000 after acquiring an additional 642 shares during the period. Teacher Retirement System of Texas lifted its position in EVO Payments by 8.8% during the 1st quarter. Teacher Retirement System of Texas now owns 9,864 shares of the company’s stock worth $228,000 after acquiring an additional 797 shares during the period. New York State Common Retirement Fund lifted its position in EVO Payments by 3.2% during the 1st quarter. New York State Common Retirement Fund now owns 34,553 shares of the company’s stock worth $798,000 after acquiring an additional 1,076 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in EVO Payments by 5.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 28,824 shares of the company’s stock worth $665,000 after acquiring an additional 1,415 shares during the period. Institutional investors and hedge funds own 57.44% of the company’s stock.

EVO Payments Trading Up 0.1 %

NASDAQ:EVOP opened at $33.71 on Monday. EVO Payments, Inc. has a 12 month low of $20.07 and a 12 month high of $33.86. The stock has a 50 day moving average of $33.44 and a two-hundred day moving average of $29.13. The firm has a market cap of $1.74 billion, a P/E ratio of -3,371,000.00, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other EVO Payments news, insider Darren Wilson sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $33.30, for a total transaction of $116,550.00. Following the completion of the sale, the insider now directly owns 50,941 shares in the company, valued at approximately $1,696,335.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.75% of the stock is owned by company insiders.

About EVO Payments

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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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Institutional Ownership by Quarter for EVO Payments (NASDAQ:EVOP)

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