American Century Companies Inc. grew its stake in Evertec Inc (NYSE:EVTC) by 27.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,645,008 shares of the business services provider’s stock after acquiring an additional 563,490 shares during the period. American Century Companies Inc.’s holdings in Evertec were worth $36,104,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Evertec by 54,332.7% during the 4th quarter. Bank of Montreal Can now owns 2,629,099 shares of the business services provider’s stock worth $35,887,000 after buying an additional 2,624,269 shares during the period. Boston Partners increased its stake in Evertec by 79.7% during the 3rd quarter. Boston Partners now owns 1,634,218 shares of the business services provider’s stock worth $25,902,000 after buying an additional 725,051 shares during the period. State Street Corp increased its stake in Evertec by 6.2% during the 2nd quarter. State Street Corp now owns 1,265,945 shares of the business services provider’s stock worth $21,905,000 after buying an additional 74,230 shares during the period. LSV Asset Management increased its stake in Evertec by 15.1% during the 4th quarter. LSV Asset Management now owns 954,400 shares of the business services provider’s stock worth $13,027,000 after buying an additional 125,200 shares during the period. Finally, Northern Trust Corp increased its stake in Evertec by 4.3% during the 2nd quarter. Northern Trust Corp now owns 926,537 shares of the business services provider’s stock worth $16,028,000 after buying an additional 38,555 shares during the period. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Evertec Inc (EVTC) opened at $15.90 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 4.08. Evertec Inc has a twelve month low of $12.60 and a twelve month high of $19.52. The company has a market cap of $1,118.43, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24.

Several brokerages recently weighed in on EVTC. ValuEngine raised shares of Evertec from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus cut their target price on shares of Evertec from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Evertec from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub downgraded shares of Evertec from a “sell” rating to a “strong sell” rating in a research note on Friday, October 27th. Finally, Goldman Sachs Group downgraded shares of Evertec from a “neutral” rating to a “sell” rating and cut their target price for the stock from $15.00 to $12.00 in a research note on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.67.

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Evertec 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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