27,826 Shares in Evertec Inc (EVTC) Acquired by Macquarie Group Ltd.

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.

Shares of Evertec Inc (NYSE:EVTC) opened at $13.15 on Friday. Evertec Inc has a 1 year low of $12.60 and a 1 year high of $19.52. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $951.93, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.14.

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.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/12/16/27826-shares-in-evertec-inc-evtc-acquired-by-macquarie-group-ltd.html.

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.

Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

What are top analysts saying about Evertec? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Evertec and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit