Bridge City Capital LLC raised its position in shares of Planet Payment, Inc. (NASDAQ:PLPM) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,722 shares of the credit services provider’s stock after acquiring an additional 13,342 shares during the period. Bridge City Capital LLC owned approximately 0.33% of Planet Payment worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PLPM. TIAA CREF Investment Management LLC increased its position in shares of Planet Payment by 0.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 127,567 shares of the credit services provider’s stock valued at $508,000 after purchasing an additional 900 shares during the last quarter. American International Group Inc. grew its position in Planet Payment by 7.1% in the 1st quarter. American International Group Inc. now owns 26,075 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 1,729 shares during the last quarter. Bank of New York Mellon Corp grew its position in Planet Payment by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 134,519 shares of the credit services provider’s stock valued at $536,000 after acquiring an additional 3,511 shares during the last quarter. Rhumbline Advisers grew its position in Planet Payment by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 45,355 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 4,280 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Planet Payment by 0.3% in the 1st quarter. Wellington Management Group LLP now owns 1,563,041 shares of the credit services provider’s stock valued at $6,221,000 after acquiring an additional 4,500 shares during the last quarter. 47.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Planet Payment, Inc. (NASDAQ PLPM) remained flat at $$4.47 during midday trading on Friday. The company’s stock had a trading volume of 514,168 shares, compared to its average volume of 1,599,224. The company has a market cap of $223.48 million, a PE ratio of 26.29 and a beta of 0.63.

Planet Payment (NASDAQ:PLPM) last posted its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Planet Payment had a net margin of 48.14% and a return on equity of 25.86%. The company had revenue of $12.50 million for the quarter, compared to the consensus estimate of $13.56 million. The business’s revenue was down 4.6% on a year-over-year basis. research analysts predict that Planet Payment, Inc. will post 0.17 EPS for the current year.

PLPM has been the topic of several research analyst reports. Zacks Investment Research downgraded Planet Payment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Craig Hallum downgraded Planet Payment from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Northland Securities reiterated a “buy” rating and issued a $4.50 target price on shares of Planet Payment in a report on Thursday, October 12th. Barrington Research cut Planet Payment from an “outperform” rating to an “underperform” rating in a report on Friday, October 27th. Finally, Lake Street Capital cut Planet Payment from a “buy” rating to a “hold” rating and lowered their target price for the stock from $5.00 to $4.50 in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Planet Payment has an average rating of “Hold” and an average price target of $4.67.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/bridge-city-capital-llc-purchases-13342-shares-of-planet-payment-inc-plpm/1678307.html.

Planet Payment Company Profile

Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.

Institutional Ownership by Quarter for Planet Payment (NASDAQ:PLPM)

Receive News & Ratings for Planet Payment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Payment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.