2,713,852 Shares in Usio Inc $USIO Bought by Whittier Trust Co.

Whittier Trust Co. purchased a new stake in Usio Inc (NASDAQ:USIO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,713,852 shares of the company’s stock, valued at approximately $3,202,000. Whittier Trust Co. owned 9.78% of Usio at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of USIO. Osaic Holdings Inc. boosted its position in shares of Usio by 246.1% during the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after buying an additional 20,161 shares during the period. Goldman Sachs Group Inc. raised its position in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after buying an additional 15,334 shares during the last quarter. Citadel Advisors LLC lifted its stake in Usio by 103.7% in the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after acquiring an additional 39,959 shares in the last quarter. Scoggin Management LP acquired a new position in Usio during the 3rd quarter worth approximately $114,000. Finally, North Star Investment Management Corp. acquired a new position in Usio during the 1st quarter worth approximately $205,000. 20.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on USIO shares. LADENBURG THALM/SH SH lifted their price objective on shares of Usio from $5.75 to $6.25 and gave the company a “buy” rating in a report on Friday, May 15th. Zacks Research upgraded shares of Usio from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research report on Wednesday, June 24th. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Usio in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.12.

Usio Stock Performance

NASDAQ USIO traded down $0.12 on Tuesday, hitting $2.36. 19,309 shares of the stock were exchanged, compared to its average volume of 74,744. The company has a market capitalization of $65.16 million, a PE ratio of -29.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $1.65 and its 200 day moving average is $1.42. Usio Inc has a 52 week low of $1.03 and a 52 week high of $2.62.

Usio (NASDAQ:USIO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. The company had revenue of $25.47 million during the quarter, compared to the consensus estimate of $23.20 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. Research analysts anticipate that Usio Inc will post -0.01 EPS for the current fiscal year.

Usio Profile

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.