EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach Sells 2,000 Shares

EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $27.82, for a total transaction of $55,640.00. Following the transaction, the executive vice president now directly owns 356,563 shares of the company’s stock, valued at $9,919,582.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EVO Payments stock opened at $28.03 on Wednesday. The business has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $28.99. The company has a market cap of $2.30 billion, a P/E ratio of -18.94, a P/E/G ratio of 3.56 and a beta of 0.59. EVO Payments Inc has a 52-week low of $21.81 and a 52-week high of $31.93.

EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. EVO Payments had a negative net margin of 2.11% and a negative return on equity of 5.02%. The firm had revenue of $152.60 million during the quarter, compared to analyst estimates of $146.83 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that EVO Payments Inc will post 0.55 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in EVOP. US Bancorp DE increased its holdings in EVO Payments by 22.3% during the second quarter. US Bancorp DE now owns 2,321 shares of the company’s stock valued at $73,000 after buying an additional 423 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of EVO Payments during the 2nd quarter valued at approximately $75,000. Bank of Montreal Can purchased a new stake in EVO Payments in the 2nd quarter worth approximately $82,000. Tower Research Capital LLC TRC increased its holdings in EVO Payments by 3,186.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,469 shares of the company’s stock worth $126,000 after acquiring an additional 4,333 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in EVO Payments during the 2nd quarter worth approximately $224,000. Institutional investors own 48.20% of the company’s stock.

A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. ValuEngine downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Co began coverage on shares of EVO Payments in a research note on Monday, October 21st. They set an “outperform” rating and a $32.00 target price for the company. Finally, BTIG Research reiterated a “hold” rating on shares of EVO Payments in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.81.

About EVO Payments

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 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.

See Also: Does the discount rate affect the economy?

Insider Buying and Selling by Quarter for EVO Payments (NASDAQ:EVOP)

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.