Bessemer Group Inc. decreased its stake in shares of Evertec Inc (NYSE:EVTC) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,300 shares of the business services provider’s stock after selling 19,400 shares during the period. Bessemer Group Inc.’s holdings in Evertec were worth $919,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of Evertec by 2.0% during the second quarter. California Public Employees Retirement System now owns 135,800 shares of the business services provider’s stock worth $2,349,000 after acquiring an additional 2,700 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Evertec by 12.9% during the second quarter. Voya Investment Management LLC now owns 28,618 shares of the business services provider’s stock worth $495,000 after acquiring an additional 3,267 shares in the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Evertec by 1.5% during the third quarter. Mckinley Capital Management LLC Delaware now owns 295,648 shares of the business services provider’s stock worth $4,686,000 after acquiring an additional 4,508 shares in the last quarter. North Star Asset Management Inc. increased its position in shares of Evertec by 0.8% during the second quarter. North Star Asset Management Inc. now owns 770,296 shares of the business services provider’s stock worth $13,325,000 after acquiring an additional 6,490 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its position in shares of Evertec by 38.5% during the third quarter. DF Dent & Co. Inc. now owns 27,519 shares of the business services provider’s stock worth $436,000 after acquiring an additional 7,653 shares in the last quarter. 82.20% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Evertec from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. TheStreet downgraded shares of Evertec from a “b-” rating to a “c+” rating in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Evertec from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Deutsche Bank reduced their target price on shares of Evertec from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Finally, Morgan Stanley reduced their target price on shares of Evertec from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, October 19th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.67.

Evertec Inc (NYSE EVTC) opened at $15.45 on Friday. Evertec Inc has a 1-year low of $12.60 and a 1-year high of $19.52. The company has a market cap of $1,158.24, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.38 and a beta of 1.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08.

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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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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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