Wells Fargo & Company MN boosted its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,333 shares of the business services provider’s stock after acquiring an additional 11,130 shares during the period. Wells Fargo & Company MN owned 0.15% of Evertec worth $1,840,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EVTC. IFP Advisors Inc purchased a new position in Evertec in the second quarter worth about $108,000. BNP Paribas Arbitrage SA raised its holdings in Evertec by 497.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after buying an additional 5,880 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Evertec by 31.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 14,085 shares of the business services provider’s stock worth $244,000 after buying an additional 3,332 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in Evertec in the second quarter worth about $255,000. Finally, KCG Holdings Inc. purchased a new position in Evertec in the first quarter worth about $321,000. 79.62% of the stock is owned by institutional investors.
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EVTC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, September 28th. TheStreet lowered shares of Evertec from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. Finally, BidaskClub upgraded shares of Evertec from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $17.83.
Shares of Evertec, Inc. (NYSE EVTC) remained flat at $$13.35 during midday trading on Friday. 533,800 shares of the company were exchanged, compared to its average volume of 433,068. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $966.41, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Evertec, Inc. has a twelve month low of $13.15 and a twelve month high of $19.52.
Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $97.11 million. Evertec had a net margin of 15.92% and a return on equity of 98.50%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. analysts forecast that Evertec, Inc. will post 1.5 EPS for the current fiscal year.
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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