Trexquant Investment LP purchased a new position in shares of Evertec, Inc. (NYSE:EVTC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 49,380 shares of the business services provider’s stock, valued at approximately $783,000. Trexquant Investment LP owned approximately 0.07% of Evertec at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EVTC. Vanguard Group Inc. boosted its stake in Evertec by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,079,500 shares of the business services provider’s stock worth $80,764,000 after buying an additional 215,429 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Evertec by 338.4% in the 1st quarter. Bank of America Corp DE now owns 105,830 shares of the business services provider’s stock valued at $1,682,000 after purchasing an additional 81,688 shares in the last quarter. State Street Corp boosted its stake in shares of Evertec by 0.6% in the 1st quarter. State Street Corp now owns 1,191,715 shares of the business services provider’s stock valued at $18,948,000 after purchasing an additional 7,144 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted 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 purchasing an additional 3,332 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of Evertec in the 2nd quarter valued at $1,479,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.

Shares of Evertec, Inc. (NYSE:EVTC) opened at $14.00 on Wednesday. Evertec, Inc. has a 52 week low of $12.60 and a 52 week high of $19.52. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.08. The company has a market cap of $1,009.84, a price-to-earnings ratio of 8.45, a PEG ratio of 1.92 and a beta of 1.18.

Evertec (NYSE:EVTC) last issued its 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 firm 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 firm posted $0.41 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. sell-side analysts expect that Evertec, Inc. will post 1.46 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on EVTC shares. BidaskClub upgraded shares of Evertec from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, August 3rd. ValuEngine downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, September 28th. Finally, Cowen restated a “hold” rating and issued a $20.00 target price on shares of Evertec in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.83.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/29/trexquant-investment-lp-purchases-new-position-in-evertec-inc-evtc.html.

About Evertec

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.

Want to see what other hedge funds are holding EVTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evertec, Inc. (NYSE:EVTC).

Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

Receive News & Stock Ratings for Evertec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec Inc. and related stocks with our FREE daily email newsletter.