First Trust Advisors LP raised its holdings in shares of Evertec Inc (NYSE:EVTC) by 560.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,237 shares of the business services provider’s stock after buying an additional 56,202 shares during the quarter. First Trust Advisors LP owned about 0.09% of Evertec worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Evertec by 23.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,007,542 shares of the business services provider’s stock worth $17,430,000 after purchasing an additional 193,908 shares in the last quarter. Heartland Advisors Inc. lifted its stake in shares of Evertec by 13.7% in the 2nd quarter. Heartland Advisors Inc. now owns 559,600 shares of the business services provider’s stock valued at $9,681,000 after acquiring an additional 67,525 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Evertec in the 2nd quarter valued at about $456,000. Wells Fargo & Company MN lifted its stake in shares of Evertec by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 106,333 shares of the business services provider’s stock valued at $1,840,000 after acquiring an additional 11,130 shares during the last quarter. Finally, AXA lifted its stake in shares of Evertec by 45.2% in the 2nd quarter. AXA now owns 236,500 shares of the business services provider’s stock valued at $4,091,000 after acquiring an additional 73,600 shares during the last quarter. Institutional investors and hedge funds own 79.36% of the company’s stock.
Evertec Inc (EVTC) remained flat at $$13.70 during mid-day trading on Tuesday. The company had a trading volume of 397,800 shares, compared to its average volume of 462,275. Evertec Inc has a 52-week low of $12.60 and a 52-week high of $19.52. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08. The stock has a market cap of $991.74, a PE ratio of 8.30, a P/E/G ratio of 1.88 and a beta of 1.14.
Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). Evertec had a return on equity of 95.54% and a net margin of 15.92%. The firm had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $97.11 million. During the same quarter last year, the company posted $0.41 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. research analysts predict that Evertec Inc will post 1.46 earnings per share for the current year.
EVTC has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Evertec from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, October 3rd. ValuEngine raised Evertec from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. TheStreet lowered Evertec from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley lowered their price target on Evertec from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Evertec currently has a consensus rating of “Hold” and an average target price of $17.83.
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EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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