Evertec, Inc. (NYSE:EVTC) has earned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $19.00.
A number of equities research analysts have weighed in on EVTC shares. ValuEngine downgraded Evertec from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, July 4th. BidaskClub downgraded Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, September 28th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $20.00 price objective on shares of Evertec in a report on Thursday.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVTC. 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 acquiring an additional 193,908 shares in the last quarter. Heartland Advisors Inc. boosted its holdings 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 worth $9,681,000 after acquiring an additional 67,525 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Evertec by 14.8% in the 2nd quarter. Federated Investors Inc. PA now owns 764,041 shares of the business services provider’s stock worth $13,217,000 after acquiring an additional 98,649 shares in the last quarter. AXA boosted its holdings in shares of Evertec by 45.2% in the 2nd quarter. AXA now owns 236,500 shares of the business services provider’s stock worth $4,091,000 after acquiring an additional 73,600 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Evertec in the 2nd quarter worth approximately $456,000. 77.96% of the stock is currently owned by institutional investors.
Evertec (NYSE:EVTC) traded up 1.99% on Friday, reaching $15.35. The company’s stock had a trading volume of 888,673 shares. Evertec has a 52 week low of $14.15 and a 52 week high of $19.52. The stock’s 50 day moving average is $17.21 and its 200-day moving average is $16.99. The firm has a market capitalization of $1.11 billion, a PE ratio of 14.36 and a beta of 1.20.
Evertec (NYSE:EVTC) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $103.51 million for the quarter, compared to the consensus estimate of $100.21 million. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Analysts predict that Evertec will post $1.63 EPS for the current year.
Evertec Company Profile
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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