Thrivent Financial For Lutherans increased its stake in Evertec Inc (NYSE:EVTC) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,171,089 shares of the business services provider’s stock after purchasing an additional 90,805 shares during the period. Thrivent Financial For Lutherans’ holdings in Evertec were worth $15,985,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new position in Evertec in the 4th quarter worth approximately $141,000. SG Americas Securities LLC bought a new position in Evertec in the 3rd quarter worth approximately $146,000. Boothbay Fund Management LLC bought a new position in Evertec in the 3rd quarter worth approximately $187,000. Cigna Investments Inc. New bought a new position in Evertec in the 4th quarter worth approximately $203,000. Finally, Ramsey Quantitative Systems bought a new position in Evertec in the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.
Several brokerages have commented on EVTC. Zacks Investment Research raised Evertec from a “sell” rating to a “hold” rating in a research report on Friday. Cowen reaffirmed a “hold” rating and issued a $18.00 price target on shares of Evertec in a research report on Friday, March 2nd. ValuEngine raised Evertec from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Evertec in a research report on Friday, February 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price target (up from $17.00) on shares of Evertec in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.00.
Evertec (NYSE:EVTC) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $89.98 million. Evertec had a return on equity of 78.61% and a net margin of 13.52%. Evertec’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. analysts predict that Evertec Inc will post 1.26 EPS for the current year.
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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