Massey Quick Simon & CO. LLC Takes Position in Evertec Inc (NYSE:EVTC)
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.
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.
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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