Eagle Asset Management Inc. cut its stake in EVO Payments, Inc. (NASDAQ:EVOP) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,507,687 shares of the company’s stock after selling 64,599 shares during the quarter. Eagle Asset Management Inc. owned approximately 1.82% of EVO Payments worth $41,823,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can increased its stake in shares of EVO Payments by 39.5% in the first quarter. Great West Life Assurance Co. Can now owns 3,333 shares of the company’s stock worth $91,000 after acquiring an additional 944 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in EVO Payments by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 27,959 shares of the company’s stock worth $776,000 after purchasing an additional 1,084 shares in the last quarter. Wrapmanager Inc. boosted its holdings in EVO Payments by 6.1% in the second quarter. Wrapmanager Inc. now owns 21,829 shares of the company’s stock worth $606,000 after purchasing an additional 1,257 shares in the last quarter. Arizona State Retirement System boosted its holdings in EVO Payments by 12.7% in the first quarter. Arizona State Retirement System now owns 13,490 shares of the company’s stock worth $371,000 after purchasing an additional 1,525 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in EVO Payments by 6.2% in the first quarter. The Manufacturers Life Insurance Company now owns 26,981 shares of the company’s stock worth $743,000 after purchasing an additional 1,576 shares in the last quarter. 56.94% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO James G. Kelly sold 10,000 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $26.45, for a total value of $264,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Groot Steven J. De sold 2,000 shares of the stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the executive vice president now owns 68,221 shares of the company’s stock, valued at approximately $1,910,188. The disclosure for this sale can be found here. 42.60% of the stock is owned by corporate insiders.
EVO Payments (NASDAQ:EVOP) last released its quarterly earnings results on Wednesday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. EVO Payments had a net margin of 2.00% and a negative return on equity of 8.26%. The company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $117.47 million. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. On average, equities analysts forecast that EVO Payments, Inc. will post 0.79 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of EVO Payments from a “buy” rating to a “hold” rating in a report on Tuesday, August 10th.
EVO Payments Company Profile
EVO Payments, Inc is a holding company, which provides payments technology and services. It offers payment and commerce solutions. The firm operates through the Americas and Europe geographical segments. The Americas segment is composed of the United States, Canada, and Mexico. The Europe segment includes operations in the Czech Republic, Germany, Ireland, Poland, Spain, and the United Kingdom, as well as supporting merchants in France, Austria, Italy, the Nordics, and other Central and Eastern European.
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