River Road Asset Management LLC raised its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 318.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 699,470 shares of the business services provider’s stock after purchasing an additional 532,172 shares during the quarter. River Road Asset Management LLC owned approximately 966,385.74% of Evertec worth $11,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Evertec by 4.4% during the first 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 lifted its holdings in Evertec by 9.5% during the second 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 lifted its holdings in Evertec by 32.2% during the second 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. lifted its holdings in Evertec by 8.0% during the third 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 lifted its holdings in Evertec by 79.7% during the third 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. 79.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Evertec, Inc. (EVTC) remained flat at $$13.35 during trading on Friday. The stock had a trading volume of 533,869 shares, compared to its average volume of 859,557. Evertec, Inc. has a 52-week low of $13.15 and a 52-week high of $19.52. The stock has a market capitalization of $966.41, a PE ratio of 8.12, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a debt-to-equity ratio of 4.22, a current ratio of 1.22 and a quick ratio of 1.22.

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

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Several research firms have commented on EVTC. BidaskClub downgraded shares of Evertec from a “sell” rating to a “strong sell” rating in a report on Friday, October 27th. TheStreet downgraded shares of Evertec from a “b-” rating to a “c+” rating in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Evertec from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. Deutsche Bank AG lowered their price target on shares of Evertec from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Cowen and Company reissued a “hold” rating and issued a $20.00 price target on shares of Evertec in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.83.

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.

Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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