Whittier Trust Co. Sells 24,410 Shares of Usio, Inc. (NASDAQ:USIO)

Whittier Trust Co. reduced its stake in Usio, Inc. (NASDAQ:USIO) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,805,752 shares of the company’s stock after selling 24,410 shares during the quarter. Whittier Trust Co. owned about 10.34% of Usio worth $4,096,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC raised its holdings in Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after acquiring an additional 9,731 shares during the period. Institutional investors and hedge funds own 20.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $4.00 target price on shares of Usio in a report on Wednesday, January 29th.

Usio Price Performance

Shares of USIO opened at $1.47 on Friday. Usio, Inc. has a 12 month low of $1.24 and a 12 month high of $2.92. The firm’s 50 day moving average is $1.84 and its 200-day moving average is $1.60. The stock has a market capitalization of $39.88 million, a PE ratio of 16.33 and a beta of 1.82. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

About Usio

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.