Shares of EVO Payments, Inc. (NASDAQ:EVOP) Acquired by the New York State Pension Fund


The New York State Common Retirement Fund increased its position in shares of EVO Payments, Inc. (NASDAQ:EVOP – Get Rating) by 3.2% during the first quarter, according to the company in its latest Form 13F filed with the Securities and Exchange Commission. . The institutional investor held 34,553 shares of the company after purchasing an additional 1,076 shares during the period. The New York State Common Retirement Fund held approximately 0.07% of EVO Payments worth $798,000 when it last filed with the SEC.

Other institutional investors also changed their positions in the company. Advisor Group Holdings Inc. increased its position in EVO Payments shares by 41.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,750 shares of the company worth $173,000 after buying 1,983 additional shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of EVO Payments in the fourth quarter at a value of $232,000. ProShare Advisors LLC purchased a new stake in shares of EVO Payments in the fourth quarter at a value of $265,000. Virginia Retirement Systems ET AL bought a new stake in shares of EVO Payments in the first quarter at a value of $279,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in EVO Payments shares by 14.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 11,700 shares of the company worth $300,000 after purchasing an additional 1,500 shares in the last quarter. 91.84% of the shares are held by institutional investors and hedge funds.

Analyst upgrades and downgrades

A number of brokerages have recently released reports on EVOP. BTIG Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a research note on Tuesday. Northcoast Research downgraded shares of EVO Payments from a “buy” rating to a “neutral” rating in a Tuesday, Aug. 2 research note. William Blair downgraded shares of EVO Payments from an “outperforming” rating to a “market performing” rating in a Tuesday, August 2 research note. Finally, Truist Financial downgraded EVO Payments shares from a “buy” rating to a “hold” rating and raised its target price for the company from $32.00 to $34.00 in a research note from the Tuesday August 2. Four analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, EVO Payments currently has an average rating of “Hold” and a consensus price target of $30.33.

Insider Trading at EVO Payments

Separately, insider Darren Wilson sold 24,500 shares of the company in a trade dated Monday, August 1. The shares were sold at an average price of $33.00, for a total transaction of $808,500.00. Following the completion of the transaction, the insider now owns 61,441 shares of the company, valued at $2,027,553. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In related news, Executive Vice President Michael L. Reidenbach sold 42,000 shares of the company in a trade that took place on Monday, August 1. The shares were sold at an average price of $33.03, for a total value of $1,387,260.00. Following the sale, the executive vice president now directly owns 45,068 shares of the company, valued at approximately $1,488,596.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, insider Darren Wilson sold 24,500 shares of the company in a trade that took place on Monday, August 1. The stock was sold at an average price of $33.00, for a total transaction of $808,500.00. Following the sale, the insider now owns 61,441 shares of the company, valued at $2,027,553. The disclosure of this sale can be found here. Insiders hold 42.60% of the shares of the company.

EVO Payments Price Performance

EVOP stock opened at $33.47 on Friday. EVO Payments, Inc. has a 1 year minimum of $20.07 and a 1 year maximum of $33.86. The company has a fifty-day moving average price of $26.78 and a two-hundred-day moving average price of $24.42. The company has a market capitalization of $2.80 billion, a price/earnings ratio of 669.53, a PEG ratio of 2.06 and a beta of 1.40.

EVO Payments (NASDAQ:EVOP – Get Rating) last released its quarterly results on Monday, August 1. The company reported EPS of $0.30 for the quarter, beating the consensus estimate of $0.27 by $0.03. The company posted revenue of $137.70 million in the quarter, compared to analyst estimates of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.57%. The company’s quarterly revenue increased 12.7% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.21. As a group, analysts expect EVO Payments, Inc. to post EPS of 0.88 for the current fiscal year.

About EVO Payments

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EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions include EMV, chip and signature point-of-sale terminals, desktop virtual point-of-sale terminals, mobile acceptance and mPOS software solutions, online hosted payments and an integrated payment service provider.

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Institutional Ownership by Quarter for EVO Payments (NASDAQ: EVOP)



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