Strs Ohio Acquires New Stake in EVO Payments Inc (EVOP)

Strs Ohio acquired a new position in EVO Payments Inc (NASDAQ:EVOP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,700 shares of the company’s stock, valued at approximately $112,000.

Several other hedge funds have also modified their holdings of the stock. Brown Advisory Inc. purchased a new stake in shares of EVO Payments in the second quarter worth $39,653,000. Massachusetts Financial Services Co. MA purchased a new stake in EVO Payments during the second quarter valued at about $32,431,000. Jennison Associates LLC purchased a new stake in EVO Payments during the second quarter valued at about $30,571,000. Voya Investment Management LLC purchased a new stake in EVO Payments during the second quarter valued at about $21,597,000. Finally, Waddell & Reed Financial Inc. purchased a new stake in EVO Payments during the second quarter valued at about $8,232,000. Institutional investors own 21.97% of the company’s stock.

A number of research firms have weighed in on EVOP. Buckingham Research began coverage on EVO Payments in a research report on Wednesday, August 29th. They set a “neutral” rating and a $24.00 price target on the stock. Citigroup lowered their price target on EVO Payments from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. SunTrust Banks raised their price target on EVO Payments to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. Finally, Barclays began coverage on EVO Payments in a research report on Wednesday. They set an “equal weight” rating and a $29.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.89.

NASDAQ EVOP opened at $27.29 on Friday. EVO Payments Inc has a twelve month low of $19.00 and a twelve month high of $30.45.

EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $144.76 million during the quarter, compared to analyst estimates of $142.24 million. As a group, research analysts predict that EVO Payments Inc will post 0.52 earnings per share for the current year.

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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.

Further Reading: How Investors Use a Balance Sheet

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

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