Planet Payment, Inc. (PLPM) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in shares of Planet Payment, Inc. (NASDAQ:PLPM) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,164 shares of the credit services provider’s stock after buying an additional 8,762 shares during the quarter. Northern Trust Corp owned about 0.95% of Planet Payment worth $1,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC grew its holdings in Planet Payment by 0.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 127,567 shares of the credit services provider’s stock valued at $508,000 after buying an additional 900 shares in the last quarter. American International Group Inc. grew its holdings in Planet Payment by 7.1% during the 1st quarter. American International Group Inc. now owns 26,075 shares of the credit services provider’s stock valued at $104,000 after buying an additional 1,729 shares in the last quarter. Rhumbline Advisers grew its holdings in Planet Payment by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 45,355 shares of the credit services provider’s stock valued at $150,000 after buying an additional 4,280 shares in the last quarter. Strs Ohio grew its holdings in Planet Payment by 6.1% during the 2nd quarter. Strs Ohio now owns 164,600 shares of the credit services provider’s stock valued at $543,000 after buying an additional 9,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Planet Payment by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 315,222 shares of the credit services provider’s stock valued at $1,254,000 after buying an additional 10,900 shares in the last quarter. Institutional investors and hedge funds own 53.02% of the company’s stock.

PLPM has been the subject of several research analyst reports. Craig Hallum cut Planet Payment from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Zacks Investment Research cut Planet Payment from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Northland Securities cut Planet Payment to a “hold” rating and set a $4.50 target price for the company. in a report on Sunday, October 29th. Barrington Research cut Planet Payment from an “outperform” rating to an “underperform” rating in a report on Friday, October 27th. Finally, Lake Street Capital cut Planet Payment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $4.50 in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Planet Payment has a consensus rating of “Hold” and an average price target of $4.67.

Planet Payment, Inc. (NASDAQ PLPM) opened at $4.49 on Monday. The company has a market capitalization of $224.55, a P/E ratio of 26.41 and a beta of 0.62. Planet Payment, Inc. has a 1-year low of $3.10 and a 1-year high of $4.50.

COPYRIGHT VIOLATION WARNING: “Planet Payment, Inc. (PLPM) Shares Bought by Northern Trust Corp” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/04/planet-payment-inc-plpm-shares-bought-by-northern-trust-corp.html.

Planet Payment Company Profile

Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.

Want to see what other hedge funds are holding PLPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Planet Payment, Inc. (NASDAQ:PLPM).

Institutional Ownership by Quarter for Planet Payment (NASDAQ:PLPM)

What are top analysts saying about Planet Payment Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Planet Payment Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit