Parametric Portfolio Associates LLC Has $1.13 Million Stake in Evertec, Inc. (EVTC)
Parametric Portfolio Associates LLC grew its position in Evertec, Inc. (NYSE:EVTC) by 89.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,208 shares of the business services provider’s stock after buying an additional 30,724 shares during the period. Parametric Portfolio Associates LLC owned 0.09% of Evertec worth $1,128,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in shares of Evertec in the 2nd quarter valued at approximately $108,000. BNP Paribas Arbitrage SA grew its stake 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 buying an additional 5,880 shares during the period. Campbell & CO Investment Adviser LLC grew its stake 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 buying an additional 3,332 shares during the period. Balter Liquid Alternatives LLC purchased a new stake in shares of Evertec in the 2nd quarter valued at approximately $255,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Evertec in the 1st quarter valued at approximately $321,000. 82.91% of the stock is owned by institutional investors and hedge funds.
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Several analysts have recently weighed in on EVTC shares. ValuEngine cut shares of Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, August 3rd. BidaskClub lowered shares of Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, September 28th. Finally, Morgan Stanley decreased their price objective on shares of Evertec from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.83.
Evertec, Inc. (NYSE EVTC) opened at $13.05 on Friday. 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 $12.60 and a fifty-two week high of $19.52. The company has a market cap of $941.07, a P/E ratio of 7.88, a PEG ratio of 1.79 and a beta of 1.18.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). Evertec had a return on equity of 95.54% and a net margin of 15.92%. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $97.11 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. research analysts anticipate that Evertec, Inc. will post 1.46 earnings per share for the current 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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