Insider Selling: EVO Payments, Inc. (NASDAQ:EVOP) Insider Sells 4,000 Shares of Stock

EVO Payments, Inc. (NASDAQ:EVOP) insider Darren Wilson sold 4,000 shares of EVO Payments stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $28.56, for a total transaction of $114,240.00.

Darren Wilson also recently made the following trade(s):

  • On Thursday, April 1st, Darren Wilson sold 4,000 shares of EVO Payments stock. The stock was sold at an average price of $27.43, for a total value of $109,720.00.
  • On Wednesday, March 10th, Darren Wilson sold 15,366 shares of EVO Payments stock. The shares were sold at an average price of $27.50, for a total value of $422,565.00.
  • On Monday, March 8th, Darren Wilson sold 4,000 shares of EVO Payments stock. The shares were sold at an average price of $27.00, for a total value of $108,000.00.

EVOP stock traded up $0.03 during midday trading on Tuesday, hitting $28.54. 187,635 shares of the stock were exchanged, compared to its average volume of 318,433. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -105.70 and a beta of 1.73. EVO Payments, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $31.99. The stock’s 50-day moving average price is $28.40 and its 200-day moving average price is $26.50.

EVO Payments (NASDAQ:EVOP) last issued its quarterly earnings data on Thursday, February 25th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. EVO Payments had a negative net margin of 1.37% and a negative return on equity of 6.43%. The firm had revenue of $116.67 million for the quarter, compared to analysts’ expectations of $118.28 million. Analysts predict that EVO Payments, Inc. will post 0.51 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVOP. LPL Financial LLC increased its position in EVO Payments by 2.5% during the 4th quarter. LPL Financial LLC now owns 15,403 shares of the company’s stock worth $416,000 after purchasing an additional 376 shares in the last quarter. US Bancorp DE lifted its stake in shares of EVO Payments by 7.0% during the fourth quarter. US Bancorp DE now owns 8,014 shares of the company’s stock valued at $217,000 after buying an additional 523 shares during the period. The Manufacturers Life Insurance Company boosted its position in EVO Payments by 2.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 25,405 shares of the company’s stock worth $686,000 after acquiring an additional 651 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in EVO Payments by 36.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,195 shares of the company’s stock worth $86,000 after acquiring an additional 850 shares during the period. Finally, WCM Investment Management LLC raised its holdings in EVO Payments by 0.3% in the 4th quarter. WCM Investment Management LLC now owns 285,553 shares of the company’s stock valued at $7,713,000 after acquiring an additional 873 shares during the last quarter. 52.66% of the stock is owned by institutional investors.

EVOP has been the topic of several analyst reports. Compass Point raised EVO Payments from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Thursday, March 25th. Zacks Investment Research downgraded shares of EVO Payments from a “hold” rating to a “sell” rating in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.63.

EVO Payments Company Profile

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Its payment and commerce solutions consist of gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, cellphone-based SMS integrated payment collection services, security tokenization and encryption solutions at the point-of-sale, dynamic currency conversion, ACH, loyalty offers, and other ancillary solutions.

Further Reading: Stochastic Momentum Index (SMI)

Insider Buying and Selling by Quarter for EVO Payments (NASDAQ:EVOP)

Receive News & Ratings for EVO Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVO Payments and related companies with MarketBeat.com's FREE daily email newsletter.