Insider Selling: EVO Payments Inc (NASDAQ:EVOP) EVP Sells 2,000 Shares of Stock

EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach sold 2,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $27.82, for a total transaction of $55,640.00. Following the completion of the transaction, the executive vice president now owns 356,563 shares of the company’s stock, valued at approximately $9,919,582.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of EVOP traded up $0.29 during midday trading on Tuesday, reaching $28.03. The stock had a trading volume of 332,035 shares, compared to its average volume of 352,438. The company has a market capitalization 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. The firm’s 50 day moving average price is $28.13 and its 200-day moving average price is $29.00. EVO Payments Inc has a 52 week low of $21.81 and a 52 week high of $31.93.

EVO Payments (NASDAQ:EVOP) last announced its earnings results on Thursday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $152.60 million during the quarter, compared to analysts’ expectations of $146.83 million. EVO Payments had a negative return on equity of 5.02% and a negative net margin of 2.11%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. Sell-side analysts expect that EVO Payments Inc will post 0.55 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of EVOP. US Bancorp DE boosted its position in shares of EVO Payments by 22.3% during the 2nd quarter. US Bancorp DE now owns 2,321 shares of the company’s stock valued at $73,000 after purchasing an additional 423 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of EVO Payments in the 2nd quarter worth approximately $75,000. Bank of Montreal Can bought a new stake in shares of EVO Payments in the 2nd quarter worth approximately $82,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 4,333 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of EVO Payments in the 2nd quarter worth approximately $224,000. 48.20% of the stock is owned by institutional investors.

A number of analysts have commented on the stock. Wells Fargo & Co assumed coverage on shares of EVO Payments in a research report on Monday, October 21st. They set an “outperform” rating and a $32.00 price target on the stock. Zacks Investment Research lowered shares of EVO Payments from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. ValuEngine cut shares of EVO Payments from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.81.

EVO Payments Company Profile

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.

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

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