November 25, 2016 - By Marie Mckinney
Evertec Inc Executive Vice President Miguel Vizcarrondo on the November 25, 2016 unloaded a total of 30,000 shares of the corporation with market value around $510,000 US Dollars. This is exactly based on the average stock price value of $17.0 US Dollars. The source 4F filing was disclosed on November 25, 2016 with the U.S. Security and Exchange Commission and is now on hand for review here. At the moment, Miguel Vizcarrondo owns 192,600 shares which make up around 0.26% of the Company’s market cap.
Out of 4 analysts covering Evertec (NYSE:EVTC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $24 is the highest target while $14 is the lowest. The $17.80 average target is 1.42% above today’s ($17.55) stock price. Evertec has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Compass Point on Friday, July 29. The company was initiated on Thursday, February 25 by Compass Point. The stock of Evertec Inc (NYSE:EVTC) has “Buy” rating given on Friday, April 15 by Compass Point. JP Morgan maintained the shares of EVTC in a report on Friday, August 14 with “Neutral” rating. The stock has “Hold” rating given by Deutsche Bank on Thursday, November 5. The stock of Evertec Inc (NYSE:EVTC) earned “Outperform” rating by Cowen & Co on Wednesday, September 30.
Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.72, from 0.91 in 2016Q1. The ratio is positive, as 16 funds sold all Evertec Inc shares owned while 41 reduced positions. 19 funds bought stakes while 33 increased positions. They now own 59.59 million shares or 2.84% less from 61.33 million shares in 2016Q1.
Thomas J Herzfeld accumulated 23,643 shares or 0.19% of the stock. Goldman Sachs Gru Inc holds 0% or 276,435 shares in its portfolio. The California-based Los Angeles Cap Management And Equity Inc has invested 0% in Evertec Inc (NYSE:EVTC). Bankshares Of America De reported 14,671 shares or 0% of all its holdings. Renaissance Llc, a New York-based fund reported 2.08M shares. Epoch Invest Partners last reported 1.58M shares in the company. Panagora Asset Management has 207,795 shares for 0.02% of their US portfolio. Parametric Portfolio Associate Ltd Company accumulated 0% or 10,768 shares. D E Shaw Company Inc holds 0.03% of its portfolio in Evertec Inc (NYSE:EVTC) for 1.03M shares. Credit Suisse Ag holds 0% of its portfolio in Evertec Inc (NYSE:EVTC) for 233,309 shares. Barrow Hanley Mewhinney And Strauss holds 62,424 shares or 0% of its portfolio. Boothbay Fund Mngmt Llc accumulated 15,299 shares or 0.11% of the stock. Amer Century Inc owns 1.78M shares or 0.03% of their US portfolio. New York State Teachers Retirement last reported 0% of its portfolio in the stock. S&Co Inc has 12,000 shares for 0.03% of their US portfolio.
The stock increased 1.59% or $0.27 during the last trading session, hitting $17.55. About 164,501 shares traded hands. Evertec Inc (NYSE:EVTC) has risen 22.43% since April 22, 2016 and is uptrending. It has outperformed by 17.03% the S&P500.
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The company has a market cap of $1.31 billion. The Firm provides a range of merchant acquiring, payment processing and business process management services. It has a 14.36 P/E ratio. It has three divisions: Merchant Acquiring, Payment Processing and Business Solutions.
According to Zacks Investment Research, “Evertec, Inc. is engaged in transaction processing business primarily in Latin America and the Caribbean. The Company operates through divisions which consist of Merchant Acquiring Solutions, Payment Processing and Business Solutions. It offers ATH network, payment processing, card products processing, electronic benefit transfer services, information technology services, database management services, printing centre and document mailing, cash processing, business processes outsourcing services as well as payment solutions, point-of-sale systems and accessories to receive payments. Evertec, Inc. is based in San Juan, Puerto Rico.”
Analysts await Evertec Inc (NYSE:EVTC) to report earnings on February, 15. They expect $0.41 EPS, down 6.82% or $0.03 from last year’s $0.44 per share. EVTC’s profit will be $30.60 million for 10.70 P/E if the $0.41 EPS becomes a reality. After $0.41 actual EPS reported by Evertec Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for Evertec Inc (NYSE:EVTC) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International ..” on November 07, 2016. Streetinsider.com‘s article titled: “Form 4 EVERTEC, Inc. For: Nov 23 Filed by: Vizcarrondo Miguel” and published on November 25, 2016 is yet another important article.
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., incorporated on April 13, 2012, is a full-service transaction processing company. The Firm provides a range of merchant acquiring, payment processing and business process management services across approximately 20 countries. The Firm operates through three divisions: Merchant Acquiring, Payment Processing and Business Solutions. The Firm owns and operates the ATH network, an automated teller machine (ATM) and personal identification number (PIN) debit network in Latin America. In addition, the Company provides a range of services for core bank processing, cash processing and technology outsourcing in the regions it serves. The Firm serves a diversified customer base of financial institutions, merchants, firms and government agencies with solutions that enable them to issue, process and accept transactions securely. It manages a system of electronic payment networks that process approximately two billion transactions annually. The Company’s suite of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions, such as the electronic capture and authorization of transactions at the point-of-sale (POS), as well as back-end support services, such as the clearing and settlement of transactions and account reconciliation for card issuers.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.