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EVO Payments (NASDAQ: EVOP) announced its earnings on Wednesday, November 7th. The company reported $ 0.06 per share for the quarter, the Thomson Reuters' consensus estimate of $ 0.14 by ($ 0.08), Morningstar.com reports. The firm had revenue of $ 144.76 million for the quarter, compared to badyst estimates of $ 142.24 million. EVO Payments updated its FY 2018 guidance to $ 0.47-0.52 EPS.
EVOP stock traded up $ 0.34 during trading on Thursday, reaching $ 27.29. 278,500 shares of the stock were exchanged, compared to its average volume of 388,806. EVO Payments has a year of $ 19.00 and a 1 year high of $ 30.45.
A number of research firms recently weighed in on EVOP. SunTrust Banks boosted their prices on shares of EVO Payments to $ 32.00 and gave the stock a "buy" rating in a research report on Thursday, November 8th. Barclays started coverage on EVO Payments in a research report on Wednesday. They set an "equal weight" rating and a $ 29.00 price target on the stock. Buckingham Research was published on Wednesday, August 29th. They set a "neutral" rating and a $ 24.00 price target on the stock. Lastly, Citigroup's price is on the stock of EVO Payments from $ 23.00 to $ 22.00 and set to "neutral" rating on the stock market research on Thursday, August 9th. Seven research badysts have rated the stock with a hold and have issued a rating to the company. The stock currently has a consensus rating of "Hold" and a consensus price target of $ 24.89.
A number of hedge funds have recently modified their holdings of EVOP. Strs Ohio bought a new position in EVO Payments during the third quarter worth $ 112,000. Frontier Capital Management Co. LLC purchased a new stake in shares of EVO Payments in the 2nd quarter valued at approximately $ 150,000. California Public Employees Retirement System bought a new stake in shares of EVO Payments in the 2nd quarter valued at approximately $ 206,000. Chicago Capital LLC bought a new stake in shares of EVO Payments in the 3rd quarter valued at approximately $ 239,000. Finally, American International Group Inc. purchased a new stake in shares of EVO Payments in the 3rd quarter valued at approximately $ 258,000. 21.97% of the stock is currently owned by institutional investors.
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About EVO Payments
EVO Payments, Inc. operates as an integrated merchant acquiring and paying 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 online solutions, online solutions, online security solutions, online security solutions, online security solutions and online security solutions; dynamic currency conversion; loyalty offers; and other ancillary solutions.
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