Universal Beteiligungs und Servicegesellschaft mbH Sells 38,346 Shares of Evertec, Inc. $EVTC

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 79.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,817 shares of the business services provider’s stock after selling 38,346 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Evertec were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in EVTC. Boston Partners purchased a new stake in Evertec during the second quarter worth about $12,995,000. Globeflex Capital L P grew its position in shares of Evertec by 9,133.9% during the 2nd quarter. Globeflex Capital L P now owns 289,207 shares of the business services provider’s stock valued at $10,426,000 after acquiring an additional 286,075 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Evertec by 422.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock worth $7,500,000 after purchasing an additional 168,225 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Evertec in the 2nd quarter worth approximately $4,386,000. Finally, Marshall Wace LLP lifted its stake in Evertec by 301.1% in the second quarter. Marshall Wace LLP now owns 115,876 shares of the business services provider’s stock valued at $4,177,000 after purchasing an additional 86,990 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

Evertec Price Performance

Shares of NYSE:EVTC opened at $28.51 on Wednesday. The company has a 50 day moving average of $29.45 and a 200 day moving average of $31.53. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.82 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.15 and a beta of 0.86. Evertec, Inc. has a 12 month low of $26.72 and a 12 month high of $38.56.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Evertec from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, November 10th. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. 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. Morgan Stanley cut their target price on shares of 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, Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Evertec presently has a consensus rating of “Hold” and a consensus target price of $35.80.

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.