Massachusetts Financial Services Co. MA Trims Position in EVO Payments Inc (EVOP)

Massachusetts Financial Services Co. MA lowered its stake in shares of EVO Payments Inc (NASDAQ:EVOP) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,466,910 shares of the company’s stock after selling 108,949 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in EVO Payments were worth $35,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new position in EVO Payments during the third quarter worth about $112,000. Frontier Capital Management Co. LLC bought a new position in EVO Payments during the second quarter worth about $150,000. California Public Employees Retirement System bought a new position in EVO Payments during the second quarter worth about $206,000. Skylands Capital LLC bought a new position in EVO Payments during the second quarter worth about $261,000. Finally, Point72 Asset Management L.P. bought a new position in EVO Payments during the second quarter worth about $362,000. Institutional investors own 21.62% of the company’s stock.

Shares of NASDAQ:EVOP opened at $25.33 on Friday. EVO Payments Inc has a twelve month low of $19.00 and a twelve month high of $27.87.

EVO Payments (NASDAQ:EVOP) last issued its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $140.89 million for the quarter, compared to the consensus estimate of $138.64 million. As a group, sell-side analysts expect that EVO Payments Inc will post 0.5 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Buckingham Research assumed coverage on shares of EVO Payments in a research report on Wednesday, August 29th. They set a “neutral” rating and a $24.00 target price for the company. Citigroup cut their target price on shares of EVO Payments from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.75.

EVO Payments 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.

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

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