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

Whittier Trust Co. trimmed its position in Usio, Inc. (NASDAQ:USIO) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,805,752 shares of the company’s stock after selling 24,410 shares during the quarter. Whittier Trust Co. owned approximately 0.10% of Usio worth $4,096,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC increased its stake in Usio by 5.6% in the third 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 last quarter. 20.23% of the stock is owned by institutional investors.

Usio Stock Performance

Shares of Usio stock opened at $1.47 on Friday. Usio, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $2.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $39.88 million, a P/E ratio of 16.33 and a beta of 1.82. The company’s 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.60.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $4.00 price objective on shares of Usio in a research note on Wednesday, January 29th.

Usio Company Profile

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.