Laurion Capital Management LP grew its stake in EVO Payments Inc (NASDAQ:EVOP) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,700 shares of the company’s stock after purchasing an additional 21,700 shares during the quarter. Laurion Capital Management LP’s holdings in EVO Payments were worth $4,701,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of EVOP. Citadel Advisors LLC acquired a new stake in EVO Payments during the third quarter valued at approximately $1,150,000. Loomis Sayles & Co. L P purchased a new stake in shares of EVO Payments in the 3rd quarter valued at approximately $12,993,000. GSA Capital Partners LLP purchased a new stake in shares of EVO Payments in the 3rd quarter valued at approximately $1,749,000. Monashee Investment Management LLC purchased a new stake in shares of EVO Payments in the 3rd quarter valued at approximately $3,585,000. Finally, Brown Advisory Inc. lifted its position in shares of EVO Payments by 18.7% in the 3rd quarter. Brown Advisory Inc. now owns 2,287,351 shares of the company’s stock valued at $54,668,000 after acquiring an additional 360,632 shares in the last quarter. Institutional investors and hedge funds own 32.82% of the company’s stock.
In other EVO Payments news, EVP Groot Steven J. De sold 60,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $25.12, for a total value of $1,507,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:EVOP opened at $25.61 on Friday. EVO Payments Inc has a 52 week low of $19.00 and a 52 week high of $30.45.
EVO Payments (NASDAQ:EVOP) last released its earnings results on Wednesday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $144.76 million for the quarter, compared to the consensus estimate of $142.24 million. On average, sell-side analysts forecast that EVO Payments Inc will post 0.52 EPS for the current fiscal year.
EVOP has been the subject of several research analyst reports. SunTrust Banks upped their price target on shares of EVO Payments to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 8th. BTIG Research initiated coverage on shares of EVO Payments in a research report on Tuesday, November 27th. They issued a “buy” rating and a $31.00 price target for the company. Barclays initiated coverage on shares of EVO Payments in a research report on Wednesday, November 14th. They issued an “equal weight” rating and a $29.00 price target for the company. Buckingham Research initiated coverage on shares of EVO Payments in a research report on Wednesday, August 29th. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Citigroup reduced their price target 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. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.50.
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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.
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