Axa increased its holdings in Evertec Inc (NYSE:EVTC) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 354,600 shares of the business services provider’s stock after purchasing an additional 115,100 shares during the period. Axa owned 0.49% of Evertec worth $4,840,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Evertec in the fourth quarter valued at $141,000. SG Americas Securities LLC purchased a new stake in shares of Evertec in the third quarter valued at $146,000. Boothbay Fund Management LLC purchased a new stake in shares of Evertec in the third quarter valued at $187,000. Cigna Investments Inc. New purchased a new stake in shares of Evertec in the fourth quarter valued at $203,000. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Evertec in the fourth quarter valued at $221,000. 82.84% of the stock is owned by institutional investors and hedge funds.
EVTC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Evertec from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Cowen reiterated a “hold” rating and issued a $18.00 target price on shares of Evertec in a report on Friday, March 2nd. ValuEngine upgraded Evertec from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $20.00 target price on shares of Evertec in a report on Friday, February 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 target price (up previously from $17.00) on shares of Evertec in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.00.
Evertec Inc (NYSE EVTC) opened at $16.90 on Friday. Evertec Inc has a fifty-two week low of $12.60 and a fifty-two week high of $19.52. The firm has a market capitalization of $1,263.89, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.77 and a beta of 1.14. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.15 and a quick ratio of 1.15.
Evertec (NYSE:EVTC) last issued its earnings results on Wednesday, February 21st. The business services provider reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Evertec had a return on equity of 78.61% and a net margin of 13.52%. The firm had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $89.98 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. equities analysts forecast that Evertec Inc will post 1.26 EPS for the current fiscal year.
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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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