Zacks Investment Research Downgrades Usio (NASDAQ:USIO) to Sell

Zacks Investment Research cut shares of Usio (NASDAQ:USIOGet Rating) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Usio Inc. provides integrated payment solutions to merchants, billers, banks, service bureaus and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms. Usio Inc., formerly known as Payment Data Systems Inc., is headquartered in San Antonio, Texas. “

Separately, Maxim Group reissued a buy rating and set a $8.00 price objective on shares of Usio in a research note on Friday, May 13th.

NASDAQ:USIO opened at $2.53 on Wednesday. Usio has a one year low of $1.80 and a one year high of $8.62. The company’s 50-day simple moving average is $2.91 and its 200 day simple moving average is $3.94. The firm has a market capitalization of $64.61 million, a P/E ratio of -42.16 and a beta of 1.72.

Usio (NASDAQ:USIOGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Usio had a negative return on equity of 6.97% and a negative net margin of 1.84%. The business had revenue of $18.11 million for the quarter, compared to the consensus estimate of $15.35 million. As a group, analysts anticipate that Usio will post -0.02 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Usio by 1.4% in the third quarter. Geode Capital Management LLC now owns 139,287 shares of the company’s stock worth $824,000 after buying an additional 1,914 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Usio by 2.5% in the first quarter. Essex Investment Management Co. LLC now owns 218,111 shares of the company’s stock worth $781,000 after buying an additional 5,293 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Usio by 34.3% in the third quarter. Two Sigma Investments LP now owns 20,969 shares of the company’s stock worth $124,000 after buying an additional 5,357 shares in the last quarter. State Street Corp lifted its stake in shares of Usio by 10.4% in the first quarter. State Street Corp now owns 58,389 shares of the company’s stock worth $209,000 after buying an additional 5,489 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of Usio by 19.8% in the second quarter. Citadel Advisors LLC now owns 35,312 shares of the company’s stock worth $226,000 after buying an additional 5,838 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Usio Company Profile (Get Rating)

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.

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