Royce & Associates LP Raises Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

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Royce & Associates LP grew its stake in EVERTEC, Inc. (NYSE:EVTCGet Rating) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,224 shares of the business services provider’s stock after acquiring an additional 26,722 shares during the quarter. Royce & Associates LP owned about 0.51% of EVERTEC worth $10,603,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds have also made changes to their positions in the stock. Seizert Capital Partners LLC increased its stake in EVERTEC by 32.4% during the third quarter. Seizert Capital Partners LLC now owns 122,897 shares of the business services provider’s stock worth $3,853,000 after acquiring an additional 30,105 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in EVERTEC by 6.1% during the third quarter. Aptus Capital Advisors LLC now owns 55,462 shares of the business services provider’s stock worth $1,739,000 after acquiring an additional 3,210 shares during the last quarter. Victory Capital Management Inc. increased its stake in EVERTEC by 10.1% during the third quarter. Victory Capital Management Inc. now owns 190,457 shares of the business services provider’s stock worth $5,971,000 after acquiring an additional 17,403 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in EVERTEC by 10.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 21,506 shares of the business services provider’s stock worth $674,000 after acquiring an additional 2,044 shares during the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in EVERTEC during the third quarter worth about $2,396,000. 97.74% of the stock is currently owned by hedge funds and other institutional investors.

EVERTEC Stock Performance

Shares of NYSE EVTC opened at $35.94 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 9.93 and a beta of 0.96. The stock’s fifty day simple moving average is $32.82 and its 200 day simple moving average is $33.94. EVERTEC, Inc. has a 52-week low of $30.17 and a 52-week high of $46.23.

EVERTEC (NYSE:EVTCGet Rating) last issued its earnings results on Wednesday, November 2nd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.19). The business had revenue of $145.80 million during the quarter, compared to analyst estimates of $145.29 million. EVERTEC had a return on equity of 33.61% and a net margin of 41.09%. As a group, sell-side analysts forecast that EVERTEC, Inc. will post 2.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EVTC has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on EVERTEC from $31.00 to $29.00 and set an “underweight” rating for the company in a research note on Thursday, November 3rd. StockNews.com started coverage on EVERTEC in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reduced their target price on EVERTEC from $46.00 to $42.00 in a report on Monday, October 10th. Raymond James reduced their target price on EVERTEC from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on EVERTEC from $43.00 to $33.00 in a report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.50.

EVERTEC Profile

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EVERTEC, Inc engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; Business Solutions, and Corporate and Other segments. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

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Institutional Ownership by Quarter for EVERTEC (NYSE:EVTC)

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