Evertec, Inc. (NYSE:EVTC) had its target price lowered by Deutsche Bank AG from $18.00 to $16.00 in a report released on Wednesday morning. Deutsche Bank AG currently has a hold rating on the business services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Evertec from a buy rating to a hold rating in a research note on Monday, July 17th. BidaskClub upgraded shares of Evertec from a sell rating to a hold rating in a research note on Thursday, August 3rd. ValuEngine downgraded shares of Evertec from a buy rating to a hold rating in a research note on Tuesday, September 26th. Stifel Nicolaus raised shares of Evertec from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Thursday, September 28th. Finally, Cowen and Company reissued a hold rating and set a $20.00 target price on shares of Evertec in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.83.
Shares of Evertec (NYSE EVTC) remained flat at $$13.35 on Wednesday. 533,800 shares of the company were exchanged, compared to its average volume of 433,068. The company has a market capitalization of $966.41, a price-to-earnings ratio of 8.12, a P/E/G ratio of 1.79 and a beta of 1.18. Evertec has a 1 year low of $13.15 and a 1 year high of $19.52. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.22.
Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The firm had revenue of $102.70 million during the quarter, compared to analyst estimates of $97.11 million. Evertec had a net margin of 15.92% and a return on equity of 98.50%. Evertec’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. analysts anticipate that Evertec will post 1.5 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC grew its position in shares of Evertec by 23.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,007,542 shares of the business services provider’s stock valued at $17,430,000 after purchasing an additional 193,908 shares during the period. Heartland Advisors Inc. boosted its position in Evertec by 13.7% during the second 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 during the last quarter. Capital Fund Management S.A. acquired a new position in Evertec during the second quarter worth about $456,000. Federated Investors Inc. PA boosted its position in Evertec by 14.8% during the second 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 during the last quarter. Finally, AXA boosted its position in Evertec by 45.2% during the second 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 during the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.
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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