Marshall Wace LLP Trims Holdings in Usio, Inc. (NASDAQ:USIO)

Marshall Wace LLP cut its stake in Usio, Inc. (NASDAQ:USIO) by 26.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,180 shares of the company’s stock after selling 64,753 shares during the quarter. Marshall Wace LLP’s holdings in Usio were worth $1,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citadel Advisors LLC grew its position in shares of Usio by 26.7% in the first quarter. Citadel Advisors LLC now owns 29,474 shares of the company’s stock valued at $189,000 after purchasing an additional 6,220 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Usio in the first quarter valued at $126,000. Geode Capital Management LLC grew its position in shares of Usio by 102.2% in the first quarter. Geode Capital Management LLC now owns 128,445 shares of the company’s stock valued at $824,000 after purchasing an additional 64,921 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Usio in the second quarter valued at $560,000. Finally, Vanguard Group Inc. grew its position in shares of Usio by 13.5% in the second quarter. Vanguard Group Inc. now owns 786,867 shares of the company’s stock valued at $5,035,000 after purchasing an additional 93,600 shares in the last quarter. Institutional investors own 20.72% of the company’s stock.

In other Usio news, Director Michael R. Long sold 5,793 shares of Usio stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $5.57, for a total transaction of $32,267.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Long sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $6.34, for a total value of $25,360.00. Following the completion of the sale, the director now directly owns 2,039,831 shares of the company’s stock, valued at approximately $12,932,528.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,957 shares of company stock valued at $470,140. Corporate insiders own 24.00% of the company’s stock.

Several research firms recently commented on USIO. Zacks Investment Research cut Usio from a “buy” rating to a “hold” rating in a research report on Thursday, October 21st. Barrington Research restated an “outperform” rating on shares of Usio in a research report on Friday, November 19th. Finally, TheStreet upgraded Usio from a “d+” rating to a “c-” rating in a research report on Friday, November 12th.

Usio stock opened at $8.26 on Thursday. Usio, Inc. has a 52 week low of $1.55 and a 52 week high of $8.62. The business’s 50-day simple moving average is $6.25. The stock has a market capitalization of $206.29 million, a PE ratio of -826.00 and a beta of 1.71.

Usio (NASDAQ:USIO) last issued its quarterly earnings results on Wednesday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Usio had a negative return on equity of 6.11% and a negative net margin of 0.38%. The firm had revenue of $15.82 million during the quarter, compared to analyst estimates of $14.08 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. As a group, equities analysts anticipate that Usio, Inc. will post -0.04 EPS for the current fiscal year.

Usio Profile

USIO, Inc engages in providing integrated payment solutions. Its solutions include payment facilitation, merchant services, payment solutions, card issuing, check printing, electronic bill presentment & payment, and printing and mailing. The company offers services to software companies, merchants, billers, banks, service bureaus and card issuers.

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Institutional Ownership by Quarter for Usio (NASDAQ:USIO)

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