Thrivent Financial for Lutherans Takes $1.56 Million Position in Evertec, Inc. $EVTC

Thrivent Financial for Lutherans acquired a new position in Evertec, Inc. (NYSE:EVTC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,159 shares of the business services provider’s stock, valued at approximately $1,559,000. Thrivent Financial for Lutherans owned approximately 0.07% of Evertec at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVTC. Richardson Financial Services Inc. raised its stake in Evertec by 132.6% in the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after buying an additional 435 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Evertec by 479.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 1,121 shares in the last quarter. Blue Trust Inc. raised its position in shares of Evertec by 28.6% in the 2nd quarter. Blue Trust Inc. now owns 1,958 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 436 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Evertec by 2,751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 1,926 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in Evertec in the 3rd quarter worth approximately $221,000. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVTC shares. Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Susquehanna dropped their price objective on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Morgan Stanley lowered their price target on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods dropped their price target on Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Evertec currently has a consensus rating of “Hold” and a consensus price target of $35.80.

Evertec Trading Up 0.1%

Shares of Evertec stock opened at $26.26 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a fifty day moving average price of $29.11 and a 200 day moving average price of $31.24. Evertec, Inc. has a 1 year low of $25.83 and a 1 year high of $38.56. The stock has a market cap of $1.68 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.00 and a beta of 0.86.

About Evertec

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.