Usio (NASDAQ:USIO) Updates FY 2024 Earnings Guidance

Usio (NASDAQ:USIO) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.050-0.070 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $90.9 million-$92.5 million, compared to the consensus revenue estimate of $93.0 million.

Usio Trading Up 3.4 %

USIO stock traded up $0.06 during midday trading on Wednesday, hitting $1.75. The company had a trading volume of 84,170 shares, compared to its average volume of 32,326. The stock has a market cap of $46.04 million, a price-to-earnings ratio of -43.75 and a beta of 1.56. The stock’s 50 day moving average price is $1.69 and its 200 day moving average price is $1.76. Usio has a 52 week low of $1.30 and a 52 week high of $2.36.

Institutional Investors Weigh In On Usio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toroso Investments LLC purchased a new stake in Usio in the first quarter worth $50,000. Charles Schwab Investment Management Inc. bought a new position in shares of Usio during the first quarter valued at $31,000. State Street Corp increased its holdings in shares of Usio by 10.4% during the first quarter. State Street Corp now owns 58,389 shares of the company’s stock valued at $209,000 after acquiring an additional 5,489 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Usio by 61.8% during the second quarter. LPL Financial LLC now owns 72,801 shares of the company’s stock valued at $177,000 after acquiring an additional 27,801 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Usio by 11.5% during the second quarter. BlackRock Inc. now owns 114,782 shares of the company’s stock valued at $213,000 after acquiring an additional 11,836 shares in the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

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, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.