State of New Jersey Common Pension Fund D bought a new stake in shares of EVO Payments Inc (NASDAQ:EVOP) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $617,000.
Separately, Skylands Capital LLC purchased a new position in EVO Payments during the 2nd quarter valued at $261,000. Institutional investors own 2.35% of the company’s stock.
In other news, Director Gregory S. Pope bought 50,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $800,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on EVO Payments in a report on Monday, June 18th. They set an “overweight” rating and a $27.00 price objective for the company. William Blair assumed coverage on EVO Payments in a report on Monday, June 18th. They set an “outperform” rating for the company. Bank of America assumed coverage on EVO Payments in a report on Monday, June 18th. They set a “neutral” rating and a $25.00 price objective for the company. Citigroup assumed coverage on EVO Payments in a report on Monday, June 18th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Goldman Sachs Group began coverage on EVO Payments in a report on Monday, June 18th. They set a “neutral” rating and a $19.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.71.
Shares of EVOP stock opened at $20.49 on Friday. EVO Payments Inc has a twelve month low of $19.00 and a twelve month high of $24.63. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of -4.29.
EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $140.89 million during the quarter, compared to analysts’ expectations of $138.64 million. equities research analysts anticipate that EVO Payments Inc will post 0.53 EPS for the current year.
About EVO Payments
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 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.
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