EVO Payments Inc (NASDAQ:EVOP) EVP Michael L. Reidenbach sold 2,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $25.16, for a total value of $50,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:EVOP opened at $26.30 on Wednesday. EVO Payments Inc has a 1 year low of $19.00 and a 1 year high of $30.45.
EVO Payments (NASDAQ:EVOP) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $144.76 million during the quarter, compared to analyst estimates of $142.24 million. Analysts anticipate that EVO Payments Inc will post 0.01 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of EVOP. BlackRock Inc. bought a new position in EVO Payments during the second quarter valued at about $2,418,000. Legal & General Group Plc bought a new position in EVO Payments during the second quarter valued at about $411,000. FMR LLC bought a new position in EVO Payments during the second quarter valued at about $632,000. Bank of America Corp DE bought a new position in EVO Payments during the second quarter valued at about $529,000. Finally, California Public Employees Retirement System bought a new position in EVO Payments during the second quarter valued at about $206,000. Institutional investors own 32.91% of the company’s stock.
Several brokerages have recently commented on EVOP. First Analysis began coverage on EVO Payments in a research report on Thursday, January 31st. They issued an “outperform” rating and a $28.00 target price for the company. Zacks Investment Research lowered EVO Payments from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Bank of America lowered EVO Payments from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $28.00 to $23.00 in a report on Tuesday, January 8th. They noted that the move was a valuation call. ValuEngine lowered EVO Payments from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, BTIG Research began coverage on EVO Payments in a report on Tuesday, November 27th. They set a “buy” rating and a $31.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.55.
COPYRIGHT VIOLATION NOTICE: This report was published by Enterprise Leader and is the sole property of of Enterprise Leader. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://theenterpriseleader.com/2019/02/06/michael-l-reidenbach-sells-2000-shares-of-evo-payments-inc-evop-stock.html.
EVO Payments Company Profile
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.
Recommended Story: Benefits of owning preferred stock
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.