Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 3.37MM shares of EVO Payments Inc (EVOP). This represents 7.0% of the company.
In their previous filing dated February 3, 2022 they reported 3.56MM shares and 7.50% of the company, a decrease in shares of 5.48% and a decrease in total ownership of 0.50% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 22.70% Downside
As of February 5, 2023, the average one-year price target for EVO Payments is $26.18. The forecasts range from a low of $9.09 to a high of $35.70. The average price target represents a decrease of 22.70% from its latest reported closing price of $33.87.
The projected annual revenue for EVO Payments is $634MM, an increase of 18.16%. The projected annual EPS is $1.33, an increase of 9,731.69%.
Fund Sentiment
There are 391 funds or institutions reporting positions in EVO Payments. This is an increase of 42 owner(s) or 12.03%.
Average portfolio weight of all funds dedicated to US:EVOP is 0.3543%, an increase of 24.6688%. Total shares owned by institutions increased in the last three months by 22.04% to 61,958K shares.
What are large shareholders doing?
Brown Advisory holds 5,785,948 shares representing 11.98% ownership of the company. In it's prior filing, the firm reported owning 6,409,150 shares, representing a decrease of 10.77%. The firm increased its portfolio allocation in EVOP by 36.49% over the last quarter.
Geneva Capital Management holds 1,932,910 shares representing 4.00% ownership of the company. In it's prior filing, the firm reported owning 1,857,123 shares, representing an increase of 3.92%. The firm decreased its portfolio allocation in EVOP by 38.54% over the last quarter.
BIASX - Brown Advisory Small-Cap Growth Fund Investor Shares holds 1,813,870 shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 1,930,760 shares, representing a decrease of 6.44%. The firm increased its portfolio allocation in EVOP by 31.24% over the last quarter.
Westchester Capital Management holds 1,527,671 shares representing 3.16% ownership of the company.
Tudor Investment Corp Et Al holds 1,432,757 shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 49,932 shares, representing an increase of 96.51%. The firm increased its portfolio allocation in EVOP by 3,240.66% over the last quarter.
EVO Payments Background Information
(This description is provided by the company.)
EVO Payments, Inc. is a leading payment technology and services provider. EVO offers an array of innovative, reliable, and secure payment solutions to merchants ranging from small and mid-size enterprises to multinational companies and organizations across the globe. As a fully integrated merchant acquirer and payment processor in over 50 markets and 150 currencies worldwide, EVO provides competitive solutions that promote business growth, increase customer loyalty, and enhance data security in the international markets it serves.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
