Darren Wilson Sells 3,500 Shares of EVO Payments, Inc. (NASDAQ:EVOP) Stock

EVO Payments, Inc. (NASDAQ:EVOPGet Rating) insider Darren Wilson sold 3,500 shares of EVO Payments stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $33.23, for a total transaction of $116,305.00. Following the completion of the transaction, the insider now directly owns 54,441 shares in the company, valued at approximately $1,809,074.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 Price Performance

EVO Payments stock opened at $33.21 on Friday. The firm’s 50 day simple moving average is $31.80 and its 200-day simple moving average is $26.10. The company has a market cap of $1.72 billion, a P/E ratio of 664.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. EVO Payments, Inc. has a fifty-two week low of $20.07 and a fifty-two week high of $33.86.

EVO Payments (NASDAQ:EVOPGet Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.57%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, analysts expect that EVO Payments, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EVOP shares. Truist Financial cut shares of EVO Payments from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $32.00 to $34.00 in a research note on Tuesday, August 2nd. BTIG Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 16th. William Blair downgraded shares of EVO Payments from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. Finally, Northcoast Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.33.

Institutional Trading of EVO Payments

Several institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. boosted its holdings in shares of EVO Payments by 1.6% during the first quarter. Brown Advisory Inc. now owns 6,304,549 shares of the company’s stock worth $145,682,000 after purchasing an additional 99,653 shares during the period. TimesSquare Capital Management LLC lifted its stake in EVO Payments by 2.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,612,730 shares of the company’s stock valued at $37,931,000 after acquiring an additional 41,800 shares during the last quarter. Reinhart Partners Inc. lifted its stake in EVO Payments by 5.0% in the first quarter. Reinhart Partners Inc. now owns 1,307,925 shares of the company’s stock valued at $30,200,000 after acquiring an additional 61,754 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in EVO Payments by 6.1% in the second quarter. Eagle Asset Management Inc. now owns 1,300,616 shares of the company’s stock valued at $30,590,000 after acquiring an additional 74,951 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in EVO Payments by 108.8% in the first quarter. Shapiro Capital Management LLC now owns 1,169,969 shares of the company’s stock valued at $27,015,000 after acquiring an additional 609,713 shares during the last quarter. 57.44% of the stock is currently owned by institutional investors and hedge funds.

EVO Payments Company Profile

(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

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