Evertec Inc (NYSE:EVTC) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $18.00.
Several research firms have commented on EVTC. Zacks Investment Research upgraded Evertec from a “sell” rating to a “hold” rating in a research report on Friday. Cowen restated a “market perform” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Evertec in a research report on Thursday, February 22nd. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Evertec in a research report on Thursday, February 22nd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective on shares of Evertec in a research report on Friday, February 23rd. Finally, ValuEngine upgraded Evertec from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st.
Evertec (NYSE:EVTC) remained flat at $$17.25 during trading on Wednesday. The company had a trading volume of 350,647 shares, compared to its average volume of 1,219,322. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.77. Evertec has a one year low of $12.60 and a one year high of $19.52. The firm has a market cap of $1,249.40, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.74 and a beta of 1.14.
Evertec (NYSE:EVTC) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Evertec had a return on equity of 78.61% and a net margin of 13.52%. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $89.98 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. equities analysts expect that Evertec will post 1.26 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. DF Dent & Co. Inc. raised its stake in shares of Evertec by 105.1% during the 4th quarter. DF Dent & Co. Inc. now owns 56,436 shares of the business services provider’s stock worth $770,000 after buying an additional 28,917 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Evertec during the 4th quarter worth approximately $415,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Evertec by 145.7% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 50,371 shares of the business services provider’s stock worth $687,000 after buying an additional 29,871 shares during the period. Teachers Advisors LLC raised its stake in shares of Evertec by 3.7% during the 4th quarter. Teachers Advisors LLC now owns 952,701 shares of the business services provider’s stock worth $13,004,000 after buying an additional 33,800 shares during the period. Finally, Sapience Investments LLC raised its stake in shares of Evertec by 3.0% during the 4th quarter. Sapience Investments LLC now owns 1,280,870 shares of the business services provider’s stock worth $17,484,000 after buying an additional 37,550 shares during the period. 82.84% of the stock is owned by institutional investors and hedge funds.
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Evertec Company Profile
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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