Brown Advisory Inc. Has $145.68 Million Stock Position in EVO Payments, Inc. (NASDAQ:EVOP)

Brown Advisory Inc. increased its position in shares of EVO Payments, Inc. (NASDAQ:EVOPGet Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,304,549 shares of the company’s stock after purchasing an additional 99,653 shares during the quarter. Brown Advisory Inc. owned approximately 12.30% of EVO Payments worth $145,682,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EVOP. Advisor Group Holdings Inc. increased its position in shares of EVO Payments by 41.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,750 shares of the company’s stock worth $173,000 after purchasing an additional 1,983 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in EVO Payments by 8.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,178 shares of the company’s stock valued at $189,000 after acquiring an additional 642 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in EVO Payments in the 4th quarter valued at about $232,000. ProShare Advisors LLC acquired a new stake in EVO Payments in the 4th quarter valued at about $265,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in EVO Payments in the 1st quarter valued at about $279,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

EVOP has been the subject of several research reports. Truist Financial cut shares of EVO Payments from a “buy” rating to a “hold” rating and raised their price objective for the company from $32.00 to $34.00 in a research report on Tuesday. William Blair cut shares of EVO Payments from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Northcoast Research cut shares of EVO Payments from a “buy” rating to a “neutral” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, EVO Payments presently has an average rating of “Hold” and an average price target of $30.33.

Insider Buying and Selling

In related news, insider Darren Wilson sold 24,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $33.00, for a total transaction of $808,500.00. Following the transaction, the insider now directly owns 61,441 shares in the company, valued at $2,027,553. The sale was disclosed in a filing with the SEC, which is available through this link. In other EVO Payments news, EVP Michael L. Reidenbach sold 42,000 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $33.03, for a total value of $1,387,260.00. Following the transaction, the executive vice president now directly owns 45,068 shares in the company, valued at $1,488,596.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Darren Wilson sold 24,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $33.00, for a total transaction of $808,500.00. Following the completion of the sale, the insider now directly owns 61,441 shares of the company’s stock, valued at approximately $2,027,553. The disclosure for this sale can be found here. 42.60% of the stock is owned by corporate insiders.

EVO Payments Stock Up 0.1 %

Shares of EVOP stock opened at $33.47 on Friday. The firm has a market cap of $2.80 billion, a PE ratio of 669.53, a P/E/G ratio of 2.06 and a beta of 1.40. EVO Payments, Inc. has a 12 month low of $20.07 and a 12 month high of $33.86. The company’s fifty day simple moving average is $24.92 and its 200-day simple moving average is $23.79.

EVO Payments (NASDAQ:EVOPGet Rating) last issued its earnings results on Monday, August 1st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $137.70 million for the quarter, compared to the consensus estimate of $138.59 million. EVO Payments had a net margin of 2.49% and a negative return on equity of 13.52%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. On average, equities analysts predict that EVO Payments, Inc. will post 0.88 earnings per share for the current fiscal year.

EVO Payments Company Profile

(Get Rating)

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions consist of EMV, chip and signature enabled POS terminals, virtual POS terminals for desktops, mobile acceptance and mPOS solutions software-based POS solutions, online hosted payments, and integrated payment service provider.

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

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