Planet Payment, Inc. (PLPM) Position Held by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. continued to hold its position in shares of Planet Payment, Inc. (NASDAQ:PLPM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,200 shares of the credit services provider’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned about 0.14% of Planet Payment worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Planet Payment by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 48,458 shares of the credit services provider’s stock worth $193,000 after acquiring an additional 14,066 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Planet Payment by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 960,445 shares of the credit services provider’s stock worth $3,823,000 after acquiring an additional 52,766 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Planet Payment by 15.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 419,886 shares of the credit services provider’s stock worth $1,386,000 after acquiring an additional 56,127 shares in the last quarter. Legato Capital Management LLC lifted its stake in Planet Payment by 890.5% during the 2nd quarter. Legato Capital Management LLC now owns 76,260 shares of the credit services provider’s stock worth $252,000 after acquiring an additional 68,561 shares in the last quarter. Finally, P.A.W. Capital Corp lifted its stake in Planet Payment by 30.5% during the 2nd quarter. P.A.W. Capital Corp now owns 620,000 shares of the credit services provider’s stock worth $2,046,000 after acquiring an additional 145,000 shares in the last quarter. 47.26% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Planet Payment, Inc. (NASDAQ:PLPM) opened at $4.48 on Monday. The stock has a market capitalization of $224.05, a PE ratio of 26.35 and a beta of 0.63. Planet Payment, Inc. has a 12-month low of $3.10 and a 12-month high of $4.64.

PLPM has been the topic of several research reports. Zacks Investment Research lowered Planet Payment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Craig Hallum lowered Planet Payment from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Northland Securities reissued a “buy” rating and set a $4.50 target price on shares of Planet Payment in a research note on Thursday, October 12th. Barrington Research lowered Planet Payment from an “outperform” rating to an “underperform” rating in a research report on Friday, October 27th. Finally, Lake Street Capital lowered Planet Payment from a “buy” rating to a “hold” rating and reduced their price target for the company from $5.00 to $4.50 in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Planet Payment has an average rating of “Hold” and a consensus price target of $4.67.

About Planet Payment

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.

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

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