Hussman Strategic Advisors Inc. Invests $1.42 Million in Evertec, Inc. $EVTC

Hussman Strategic Advisors Inc. acquired a new stake in Evertec, Inc. (NYSE:EVTC) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 42,000 shares of the business services provider’s stock, valued at approximately $1,419,000.

A number of other large investors have also made changes to their positions in EVTC. USA Financial Formulas acquired a new position in Evertec in the 2nd quarter valued at about $26,000. Richardson Financial Services Inc. raised its position in shares of Evertec by 132.6% in the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after buying an additional 435 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Evertec by 479.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider’s stock valued at $49,000 after buying an additional 1,121 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Evertec by 28.6% during the second quarter. Blue Trust Inc. now owns 1,958 shares of the business services provider’s stock valued at $71,000 after buying an additional 436 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Evertec by 2,751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock worth $72,000 after acquiring an additional 1,926 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Price Performance

Shares of Evertec stock opened at $28.70 on Thursday. Evertec, Inc. has a twelve month low of $26.72 and a twelve month high of $38.56. The stock has a market capitalization of $1.84 billion, a P/E ratio of 12.75, a PEG ratio of 1.11 and a beta of 0.88. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 1.59. The business’s fifty day moving average price is $29.42 and its 200 day moving average price is $31.66.

Analysts Set New Price Targets

Several brokerages have weighed in on EVTC. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Morgan Stanley dropped their target price on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Susquehanna reduced their target price on Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Evertec from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.80.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.