EVO Payments (NASDAQ:EVOP) posted its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05), Morningstar.com reports. The company had revenue of $150.82 million for the quarter, compared to analyst estimates of $150.70 million. EVO Payments updated its FY 2019 guidance to EPS.

Shares of NASDAQ:EVOP opened at $26.01 on Friday. EVO Payments has a 1-year low of $19.00 and a 1-year high of $30.45.

Several research firms recently issued reports on EVOP. BTIG Research began coverage on shares of EVO Payments in a research report on Tuesday, November 27th. They issued a “buy” rating and a $31.00 price target for the company. First Analysis began coverage on shares of EVO Payments in a research report on Thursday, January 31st. They issued an “outperform” rating and a $28.00 price target for the company. Zacks Investment Research downgraded shares of EVO Payments from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Bank of America downgraded shares of EVO Payments from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $28.00 to $23.00 in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of EVO Payments from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. EVO Payments currently has a consensus rating of “Hold” and an average target price of $25.55.

In other EVO Payments news, insider Catherine E. Lafiandra sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $26.50, for a total transaction of $26,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael L. Reidenbach sold 2,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $25.16, for a total value of $50,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,000 shares of company stock worth $180,320.

Large investors have recently modified their holdings of the business. Citigroup Inc. bought a new position in EVO Payments during the 4th quarter valued at $67,000. Legal & General Group Plc lifted its stake in EVO Payments by 51.4% during the 4th quarter. Legal & General Group Plc now owns 3,728 shares of the company’s stock valued at $92,000 after acquiring an additional 1,265 shares in the last quarter. Strs Ohio bought a new stake in shares of EVO Payments during the 3rd quarter worth $112,000. Metropolitan Life Insurance Co. NY raised its stake in shares of EVO Payments by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,412 shares of the company’s stock worth $208,000 after purchasing an additional 6,570 shares during the period. Finally, California Public Employees Retirement System bought a new stake in shares of EVO Payments during the 2nd quarter worth $206,000. Institutional investors and hedge funds own 35.92% of the company’s stock.

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About EVO Payments

EVO Payments, Inc operates as an integrated merchant acquirer and payment processor servicing approximately 525,000 merchants. The company processes approximately 900 million transactions in North America and approximately 1.7 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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