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EVO Payments, Inc. (NASDAQ:EVOP - Get Rating) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,810,000 shares, a growth of 9.0% from the August 15th total of 1,660,000 shares. Based on an average daily trading volume, of 890,500 shares, the short-interest ratio is currently 2.0 days. Insider Buying and Selling at EVO Payments
In other news, EVP Michael L. Reidenbach sold 42,000 shares of EVO Payments stock in a transaction on Monday, August 1st. The shares were sold at an average price of $33.03, for a total transaction of $1,387,260.00. Following the transaction, the executive vice president now owns 45,068 shares in the company, valued at $1,488,596.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other EVO Payments news, insider Darren Wilson sold 3,500 shares of EVO Payments stock in a transaction on Friday, August 19th. The shares were sold at an average price of $33.45, for a total value of $117,075.00. Following the completion of the sale, the insider now directly owns 57,941 shares of the company's stock, valued at $1,938,126.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael L. Reidenbach sold 42,000 shares of the business's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $33.03, for a total transaction of $1,387,260.00. Following the sale, the executive vice president now directly owns 45,068 shares of the company's stock, valued at $1,488,596.04. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock worth $2,312,835 over the last quarter. Corporate insiders own 12.75% of the company's stock. Institutional Trading of EVO Payments
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in EVO Payments by 14.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 587,757 shares of the company's stock worth $13,824,000 after acquiring an additional 73,043 shares during the period. DF Dent & Co. Inc. grew its holdings in shares of EVO Payments by 10.0% during the 2nd quarter. DF Dent & Co. Inc. now owns 656,085 shares of the company's stock valued at $15,431,000 after purchasing an additional 59,560 shares during the last quarter. State Street Corp boosted its position in EVO Payments by 2.5% during the 2nd quarter. State Street Corp now owns 1,045,709 shares of the company's stock valued at $24,595,000 after buying an additional 25,777 shares during the period. Citadel Advisors LLC boosted its position in EVO Payments by 223.9% during the 2nd quarter. Citadel Advisors LLC now owns 101,685 shares of the company's stock valued at $2,392,000 after buying an additional 70,291 shares during the period. Finally, Sei Investments Co. boosted its position in EVO Payments by 111.2% during the 2nd quarter. Sei Investments Co. now owns 249,253 shares of the company's stock valued at $5,909,000 after buying an additional 131,262 shares during the period. Institutional investors own 57.44% of the company's stock. EVO Payments Stock Performance
EVOP traded up $0.05 during midday trading on Wednesday, reaching $33.30. The company had a trading volume of 2,045 shares, compared to its average volume of 1,003,186. The stock has a market cap of $1.72 billion, a PE ratio of 665.13, a P/E/G ratio of 2.05 and a beta of 1.30. The business has a 50-day moving average price of $31.46 and a two-hundred day moving average price of $25.97. EVO Payments has a 12-month low of $20.07 and a 12-month high of $33.86.
EVO Payments (NASDAQ:EVOP - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. The company had revenue of $137.70 million for 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%. EVO Payments's revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, research analysts anticipate that EVO Payments will post 0.88 earnings per share for the current year. Analysts Set New Price Targets
Several research firms have recently commented on EVOP. Northcoast Research downgraded shares of EVO Payments from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 2nd. William Blair downgraded shares of EVO Payments from an "outperform" rating to a "market perform" rating in a research report on Tuesday, August 2nd. Truist Financial downgraded shares of EVO Payments from a "buy" rating to a "hold" rating and upped their price objective for the stock from $32.00 to $34.00 in a research report on Tuesday, August 2nd. Finally, BTIG Research downgraded shares of EVO Payments from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.33.About EVO Payments (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.Featured ArticlesGet a free copy of the StockNews.com research report on EVO Payments (EVOP)General Mills: Superior Returns With Less Volatility 3 Defensive Stocks With 60-Year Dividend Hike Streaks3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out If You’re Hungry for Value, Take a Bite on Ruth's Hospitality Grp
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