Evertec, Inc. (NYSE:EVTC) hit a new 52-week low on Wednesday . The stock traded as low as $12.93 and last traded at $13.05, with a volume of 671600 shares changing hands. The stock had previously closed at $13.35.
Several brokerages have recently weighed in on EVTC. BidaskClub cut Evertec from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. TheStreet cut Evertec from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Zacks Investment Research cut Evertec from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Deutsche Bank AG decreased their price target on Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Finally, Cowen and Company reiterated a “hold” rating and set a $20.00 price target on shares of Evertec in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Evertec presently has an average rating of “Hold” and a consensus price target of $17.83.
The stock has a market cap of $941.07, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.00 and a current ratio of 1.00.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). Evertec had a return on equity of 95.54% and a net margin of 15.92%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $97.11 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities research analysts expect that Evertec, Inc. will post 1.46 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Evertec by 4.4% during the first quarter. Vanguard Group Inc. now owns 5,079,500 shares of the business services provider’s stock worth $80,764,000 after purchasing an additional 215,429 shares in the last quarter. Rivulet Capital LLC grew its holdings in shares of Evertec by 9.5% during the second quarter. Rivulet Capital LLC now owns 3,201,605 shares of the business services provider’s stock worth $55,388,000 after purchasing an additional 278,800 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Evertec by 32.2% during the second quarter. Capital Research Global Investors now owns 2,438,000 shares of the business services provider’s stock worth $42,177,000 after purchasing an additional 594,000 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Evertec by 8.0% during the third quarter. American Century Companies Inc. now owns 2,081,518 shares of the business services provider’s stock worth $32,992,000 after purchasing an additional 154,656 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Evertec by 79.7% during the third quarter. Boston Partners now owns 1,634,218 shares of the business services provider’s stock worth $25,902,000 after purchasing an additional 725,051 shares in the last quarter. 82.91% of the stock is owned by institutional investors.
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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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