BTRS Holdings Inc. (NASDAQ:BTRS) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in shares of BTRS Holdings Inc. (NASDAQ:BTRSGet Rating) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,400 shares of the company’s stock after selling 20,300 shares during the quarter. Strs Ohio owned about 0.07% of BTRS worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BTRS. Ameritas Investment Partners Inc. boosted its position in shares of BTRS by 48.7% during the 1st quarter. Ameritas Investment Partners Inc. now owns 7,375 shares of the company’s stock valued at $55,000 after purchasing an additional 2,414 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in BTRS by 968.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,825 shares of the company’s stock worth $81,000 after buying an additional 7,999 shares in the last quarter. Federated Hermes Inc. acquired a new position in BTRS in the first quarter worth approximately $70,000. Quantbot Technologies LP boosted its stake in shares of BTRS by 3,818.1% during the 1st quarter. Quantbot Technologies LP now owns 13,400 shares of the company’s stock worth $100,000 after acquiring an additional 13,058 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of BTRS in the 2nd quarter worth $70,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BTRS. William Blair downgraded BTRS to a “market perform” rating in a report on Thursday, October 13th. Citigroup lowered BTRS from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $9.50 in a report on Friday, September 30th. Finally, Needham & Company LLC cut BTRS from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BTRS has an average rating of “Moderate Buy” and an average price target of $9.92.

BTRS Price Performance

BTRS stock opened at $9.49 on Friday. BTRS Holdings Inc. has a 12 month low of $3.95 and a 12 month high of $9.51. The stock has a market cap of $1.56 billion, a P/E ratio of -18.98 and a beta of 0.25. The company’s fifty day simple moving average is $9.47 and its 200-day simple moving average is $8.00.

BTRS (NASDAQ:BTRSGet Rating) last issued its earnings results on Monday, November 7th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). BTRS had a negative return on equity of 16.39% and a negative net margin of 43.31%. The firm had revenue of $42.51 million for the quarter, compared to the consensus estimate of $43.62 million. On average, equities research analysts expect that BTRS Holdings Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BTRS news, SVP Andrew J. Herning sold 30,456 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $9.46, for a total value of $288,113.76. Following the completion of the sale, the senior vice president now directly owns 214,052 shares of the company’s stock, valued at $2,024,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Andrew J. Herning sold 30,456 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $9.46, for a total transaction of $288,113.76. Following the transaction, the senior vice president now owns 214,052 shares in the company, valued at approximately $2,024,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joe Eng sold 4,221 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $9.45, for a total transaction of $39,888.45. Following the completion of the sale, the insider now owns 436,784 shares of the company’s stock, valued at $4,127,608.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,971 shares of company stock worth $330,781. Insiders own 19.40% of the company’s stock.

About BTRS

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BTRS Holdings Inc provides cloud-based software and integrated payment processing solutions that automates business-to-business (B2B) commerce worldwide. The company operates in two segments, Print, and Software and Payments. The company offers solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application, and collections.

Further Reading

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Institutional Ownership by Quarter for BTRS (NASDAQ:BTRS)

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