Macquarie Group Ltd. acquired a new position in shares of Evertec Inc (NYSE:EVTC) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,826 shares of the business services provider’s stock, valued at approximately $441,000.
Several other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc acquired a new stake in shares of Evertec in the 2nd quarter valued at about $108,000. BNP Paribas Arbitrage SA boosted its position in shares of Evertec by 497.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 5,880 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Evertec in the 3rd quarter valued at about $146,000. Fox Run Management L.L.C. acquired a new stake in shares of Evertec in the 3rd quarter valued at about $189,000. Finally, Balter Liquid Alternatives LLC acquired a new stake in shares of Evertec in the 2nd quarter valued at about $255,000. 79.36% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on EVTC shares. ValuEngine cut Evertec from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, September 28th. BidaskClub cut Evertec from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Cowen reaffirmed a “hold” rating and set a $20.00 price objective on shares of Evertec in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.83.
Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Evertec had a net margin of 15.92% and a return on equity of 95.54%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $97.11 million. During the same period in the previous year, the company earned $0.41 EPS. Evertec’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts predict that Evertec Inc will post 1.46 earnings per share for the current fiscal 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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