Millennium Management LLC lifted its position in shares of Evertec Inc (NYSE:EVTC) by 22.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,306,064 shares of the business services provider’s stock after buying an additional 235,335 shares during the period. Millennium Management LLC’s holdings in Evertec were worth $21,354,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. California Public Employees Retirement System grew its position in Evertec by 3.9% during the 4th quarter. California Public Employees Retirement System now owns 139,232 shares of the business services provider’s stock worth $1,901,000 after acquiring an additional 5,203 shares during the last quarter. Swiss National Bank grew its position in Evertec by 5.4% during the 1st quarter. Swiss National Bank now owns 107,074 shares of the business services provider’s stock worth $1,751,000 after acquiring an additional 5,500 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Evertec by 58.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,529 shares of the business services provider’s stock worth $319,000 after acquiring an additional 7,229 shares during the last quarter. Quantitative Systematic Strategies LLC grew its position in Evertec by 97.3% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 20,439 shares of the business services provider’s stock worth $334,000 after acquiring an additional 10,078 shares during the last quarter. Finally, Profund Advisors LLC bought a new position in Evertec during the 1st quarter worth approximately $181,000. Institutional investors and hedge funds own 83.39% of the company’s stock.
Shares of EVTC stock opened at $21.85 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 3.01 and a beta of 1.14. Evertec Inc has a fifty-two week low of $12.60 and a fifty-two week high of $22.95. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.35 and a current ratio of 1.35.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $110.27 million for the quarter, compared to analyst estimates of $101.96 million. Evertec had a return on equity of 72.62% and a net margin of 13.23%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. research analysts forecast that Evertec Inc will post 1.45 earnings per share for the current year.
Several equities analysts recently issued reports on the company. TheStreet upgraded Evertec from a “c+” rating to a “b” rating in a research report on Thursday, May 10th. Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. Raymond James started coverage on Evertec in a research report on Friday, June 15th. They issued a “market perform” rating on the stock. Morgan Stanley lifted their price objective on Evertec from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 2nd. Finally, ValuEngine upgraded Evertec from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.00.
Evertec Company Profile
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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