California Public Employees Retirement System raised its position in Evertec Inc. (NYSE:EVTC) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 152,700 shares of the company’s stock after buying an additional 6,400 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Evertec worth $2,373,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Evertec by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 287,345 shares of the company’s stock worth $4,465,000 after buying an additional 4,219 shares in the last quarter. North Star Asset Management Inc. boosted its stake in shares of Evertec by 10.9% in the second quarter. North Star Asset Management Inc. now owns 749,596 shares of the company’s stock worth $11,649,000 after buying an additional 73,605 shares in the last quarter. Lucus Advisors LLC purchased a new stake in shares of Evertec during the second quarter worth about $347,000. Stoneridge Investment Partners LLC boosted its stake in shares of Evertec by 167.1% in the second quarter. Stoneridge Investment Partners LLC now owns 76,144 shares of the company’s stock worth $1,183,000 after buying an additional 47,634 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Evertec during the second quarter worth about $1,271,000. Institutional investors and hedge funds own 80.69% of the company’s stock.
Shares of Evertec Inc. (NYSE:EVTC) traded down 0.805% during trading on Monday, hitting $16.645. 103,996 shares of the stock traded hands. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.537 and a beta of 1.12. The company has a 50 day moving average price of $16.88 and a 200 day moving average price of $15.43. Evertec Inc. has a 12 month low of $11.27 and a 12 month high of $19.66.
Evertec (NYSE:EVTC) last issued its earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $97.70 million for the quarter, compared to analysts’ expectations of $93.40 million. Evertec had a net margin of 19.59% and a return on equity of 118.58%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Analysts anticipate that Evertec Inc. will post $1.71 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on EVTC. Zacks Investment Research cut Evertec from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Deutsche Bank AG boosted their price objective on shares of Evertec from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, Compass Point upped their price target on shares of Evertec from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.40.
Evertec Company Profile
EVERTEC, Inc is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants, debit network fees and rental fees from point-of-sale (POS) devices and other equipment, net of credit card interchange and assessment fees.
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