American Century Companies Inc. lifted its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,081,518 shares of the business services provider’s stock after buying an additional 154,656 shares during the period. American Century Companies Inc. owned about 2.88% of Evertec worth $32,992,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of EVTC. IFP Advisors Inc acquired a new position in shares of Evertec during the 2nd quarter worth about $108,000. BNP Paribas Arbitrage SA raised its holdings 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. Koch Industries Inc. raised its holdings in shares of Evertec by 1,753.1% in the 2nd quarter. Koch Industries Inc. now owns 196,889 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 186,264 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Evertec in the 3rd quarter valued at about $189,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Evertec by 31.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 14,085 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 3,332 shares during the period. Institutional investors own 82.91% of the company’s stock.
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A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Evertec from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. ValuEngine cut shares of Evertec from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub cut shares of Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Deutsche Bank AG dropped their target price on shares of Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.83.
Evertec, Inc. (EVTC) opened at $13.35 on Tuesday. The firm has a market cap of $966.41, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.08. Evertec, Inc. has a fifty-two week low of $13.15 and a fifty-two week high of $19.52.
Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The company had revenue of $102.70 million during 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 95.54%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. equities research analysts anticipate that Evertec, Inc. will post 1.46 earnings per share for the current 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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