DF Dent & Co. Inc. Acquires 7,653 Shares of Evertec Inc (EVTC)
DF Dent & Co. Inc. grew its holdings in Evertec Inc (NYSE:EVTC) by 38.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,519 shares of the business services provider’s stock after acquiring an additional 7,653 shares during the period. DF Dent & Co. Inc.’s holdings in Evertec were worth $436,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in Evertec during the second quarter worth $108,000. BNP Paribas Arbitrage SA boosted its holdings in Evertec by 497.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after buying an additional 5,880 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Evertec during the third quarter worth $146,000. Boothbay Fund Management LLC purchased a new stake in Evertec during the third quarter worth $187,000. Finally, Fox Run Management L.L.C. purchased a new stake in Evertec during the third quarter worth $189,000. 79.36% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on EVTC shares. ValuEngine downgraded shares of Evertec from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. J P Morgan Chase & Co downgraded shares of Evertec from a “neutral” rating to an “underweight” rating in a report on Tuesday. BidaskClub downgraded shares of Evertec from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Evertec from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.83.
Evertec Inc (EVTC) opened at $13.15 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08. The stock has a market cap of $959.17, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. Evertec Inc has a twelve month low of $12.60 and a twelve month high of $19.52.
Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The company had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $97.11 million. Evertec had a net margin of 15.92% and a return on equity of 95.54%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. equities research analysts predict that Evertec Inc will post 1.46 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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