Stifel Nicolaus Trims Evertec, Inc. (EVTC) Target Price to $17.00

Evertec, Inc. (NYSE:EVTC) had its target price cut by Stifel Nicolaus from $18.00 to $17.00 in a report published on Wednesday. They currently have a buy rating on the business services provider’s stock.

EVTC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Evertec from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Evertec from a hold rating to a buy rating in a research report on Monday, October 2nd. TheStreet lowered shares of Evertec from a b- rating to a c+ rating in a research report on Thursday, October 19th. BidaskClub upgraded shares of Evertec from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, Cowen and Company restated a hold rating and set a $20.00 price target on shares of Evertec in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.83.

Evertec (EVTC) remained flat at $$13.35 on Wednesday. The stock had a trading volume of 533,800 shares, compared to its average volume of 433,068. The stock has a market capitalization of $966.41, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.18. Evertec has a 1-year low of $13.15 and a 1-year high of $19.52. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 4.22.

Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business had revenue of $102.70 million for the quarter, compared to analyst estimates of $97.11 million. Evertec had a return on equity of 98.50% and a net margin of 15.92%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. analysts forecast that Evertec will post 1.5 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Evertec by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 5,079,500 shares of the business services provider’s stock valued at $80,764,000 after purchasing an additional 215,429 shares during the last quarter. Rivulet Capital LLC boosted its holdings in Evertec by 9.5% in the 2nd quarter. Rivulet Capital LLC now owns 3,201,605 shares of the business services provider’s stock valued at $55,388,000 after purchasing an additional 278,800 shares during the last quarter. Capital Research Global Investors boosted its holdings in Evertec by 32.2% in the 2nd quarter. Capital Research Global Investors now owns 2,438,000 shares of the business services provider’s stock valued at $42,177,000 after purchasing an additional 594,000 shares during the last quarter. American Century Companies Inc. boosted its holdings in Evertec by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 2,081,518 shares of the business services provider’s stock valued at $32,992,000 after purchasing an additional 154,656 shares during the last quarter. Finally, Boston Partners boosted its holdings in Evertec by 79.7% in the 3rd quarter. Boston Partners now owns 1,634,218 shares of the business services provider’s stock valued at $25,902,000 after purchasing an additional 725,051 shares during the last quarter. Institutional investors own 79.62% of the company’s stock.

About Evertec

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.

Analyst Recommendations for Evertec (NYSE:EVTC)

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