Metropolitan Life Insurance Co NY Purchases 2,277 Shares of EVO Payments Inc (NASDAQ:EVOP)
Metropolitan Life Insurance Co NY increased its position in shares of EVO Payments Inc (NASDAQ:EVOP) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,689 shares of the company’s stock after acquiring an additional 2,277 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in EVO Payments were worth $301,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EVOP. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in EVO Payments during the 2nd quarter worth approximately $75,000. TimesSquare Capital Management LLC grew its position in EVO Payments by 14.0% during the 2nd quarter. TimesSquare Capital Management LLC now owns 2,462,320 shares of the company’s stock worth $77,637,000 after purchasing an additional 302,250 shares during the last quarter. Swiss National Bank purchased a new stake in EVO Payments during the 2nd quarter worth approximately $1,892,000. Lisanti Capital Growth LLC grew its position in EVO Payments by 55.9% during the 2nd quarter. Lisanti Capital Growth LLC now owns 248,060 shares of the company’s stock worth $7,821,000 after purchasing an additional 88,960 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in EVO Payments during the 2nd quarter worth approximately $4,803,000. Hedge funds and other institutional investors own 48.20% of the company’s stock.
EVOP has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Wells Fargo & Co initiated coverage on shares of EVO Payments in a research report on Monday, October 21st. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Compass Point initiated coverage on shares of EVO Payments in a research report on Thursday, December 5th. They set a “neutral” rating and a $28.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. EVO Payments has a consensus rating of “Hold” and an average price target of $28.68.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $152.60 million for the quarter, compared to the consensus estimate of $146.83 million. EVO Payments had a negative net margin of 2.11% and a negative return on equity of 5.02%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. As a group, research analysts anticipate that EVO Payments Inc will post 0.55 earnings per share for the current fiscal year.
In other news, insider Darren Wilson sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $27.97, for a total value of $111,880.00. Also, EVP Michael L. Reidenbach sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $27.80, for a total transaction of $55,600.00. Insiders sold a total of 18,000 shares of company stock worth $498,720 over the last ninety days. Insiders own 61.16% of the company’s stock.
EVO Payments Profile
EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 550,000 merchants. The company processes approximately 950 million transactions in North America and approximately 2.1 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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