24,697 Shares in Evertec, Inc. (EVTC) Acquired by Alps Advisors Inc.
Alps Advisors Inc. bought a new position in shares of Evertec, Inc. (NYSE:EVTC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 24,697 shares of the business services provider’s stock, valued at approximately $391,000.
Other hedge funds have also bought and sold shares of the company. IFP Advisors Inc bought a new position in Evertec during the second quarter worth about $108,000. BNP Paribas Arbitrage SA lifted its holdings in Evertec by 497.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after acquiring an additional 5,880 shares in the last quarter. Koch Industries Inc. lifted its holdings in Evertec by 1,753.1% during the second quarter. Koch Industries Inc. now owns 196,889 shares of the business services provider’s stock worth $186,000 after acquiring an additional 186,264 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Evertec during the third quarter worth about $189,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Evertec by 31.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 14,085 shares of the business services provider’s stock worth $244,000 after acquiring an additional 3,332 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.
EVTC has been the topic of several recent analyst reports. ValuEngine lowered Evertec from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, August 3rd. BidaskClub lowered Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus upgraded Evertec from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, September 28th. Finally, Morgan Stanley cut their price target on 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 assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.83.
Evertec, Inc. (NYSE:EVTC) opened at $13.90 on Wednesday. Evertec, Inc. has a 12-month low of $12.60 and a 12-month high of $19.52. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08. The firm has a market capitalization of $970.03, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 1.84 and a beta of 1.18.
Evertec (NYSE:EVTC) last posted its earnings results 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 net margin of 15.92% and a return on equity of 95.54%. The firm had revenue of $102.70 million during the quarter, compared to analyst estimates of $97.11 million. During the same period in the previous year, the company posted $0.41 EPS. Evertec’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts forecast that Evertec, Inc. will post 1.46 EPS 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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