Massey Quick Simon & CO. LLC acquired a new position in shares of Evertec Inc (NYSE:EVTC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,226 shares of the business services provider’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace North America L.P. boosted its stake in shares of Evertec by 802.2% in the 1st quarter. Marshall Wace North America L.P. now owns 93,248 shares of the business services provider’s stock valued at $2,593,000 after purchasing an additional 82,912 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Evertec by 3.4% in the 1st quarter. Clearbridge Investments LLC now owns 416,460 shares of the business services provider’s stock valued at $11,582,000 after purchasing an additional 13,711 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Evertec in the 2nd quarter valued at $556,000. Clark Capital Management Group Inc. bought a new stake in shares of Evertec in the 2nd quarter valued at $2,892,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Evertec by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,783 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 400 shares during the last quarter. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

EVTC traded down $0.48 during trading on Wednesday, hitting $31.11. 61,485 shares of the company’s stock were exchanged, compared to its average volume of 370,482. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average is $32.80 and its two-hundred day moving average is $31.42. Evertec Inc has a fifty-two week low of $22.41 and a fifty-two week high of $37.38. The stock has a market cap of $2.23 billion, a P/E ratio of 18.30 and a beta of 0.74.

Evertec (NYSE:EVTC) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Evertec had a net margin of 20.55% and a return on equity of 60.49%. The firm had revenue of $122.55 million for the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Evertec Inc will post 1.81 earnings per share for the current year.

Several research analysts recently issued reports on EVTC shares. Zacks Investment Research lowered shares of Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Susquehanna Bancshares started coverage on shares of Evertec in a research note on Friday, June 28th. They set a “positive” rating and a $36.00 target price on the stock. Finally, ValuEngine lowered shares of Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $35.50.

About Evertec

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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