EVERTEC, Inc. (NYSE:EVTC) has analysts on the Bullish side this week.

July 13, 2018 - By Richard Doty

EVERTEC, Inc. (NYSE:EVTC) LogoInvestors sentiment increased to 0.97 in Q1 2018. Its up 0.11, from 0.86 in 2017Q4. It is positive, as 21 investors sold EVERTEC, Inc. shares while 52 reduced holdings. 31 funds opened positions while 40 raised stakes. 57.60 million shares or 3.59% more from 55.60 million shares in 2017Q4 were reported.
North Star Asset Mngmt Inc reported 1.26% of its portfolio in EVERTEC, Inc. (NYSE:EVTC). Schroder Investment Gp stated it has 0% of its portfolio in EVERTEC, Inc. (NYSE:EVTC). Voya Invest Mgmt Llc holds 0% in EVERTEC, Inc. (NYSE:EVTC) or 27,624 shares. Philadelphia Fin Of San Francisco Limited Liability Company holds 1.83% in EVERTEC, Inc. (NYSE:EVTC) or 648,481 shares. Northern reported 0% of its portfolio in EVERTEC, Inc. (NYSE:EVTC). 190,100 were reported by Polaris Capital Mgmt Ltd Liability Corporation. North Run Cap Limited Partnership owns 1.61% invested in EVERTEC, Inc. (NYSE:EVTC) for 177,458 shares. 23,230 are owned by State Board Of Administration Of Florida Retirement. Zebra Capital Mgmt Ltd Liability has invested 0.33% in EVERTEC, Inc. (NYSE:EVTC). Panagora Asset Mgmt Inc accumulated 331,622 shares. Keybank National Association Oh stated it has 0% of its portfolio in EVERTEC, Inc. (NYSE:EVTC). Mcf Advsrs Limited Liability Company reported 70 shares. Renaissance Technology Limited Liability Corp reported 429,500 shares or 0.01% of all its holdings. Millennium Mgmt Ltd has invested 0.03% in EVERTEC, Inc. (NYSE:EVTC). Legal General Public Ltd reported 0% of its portfolio in EVERTEC, Inc. (NYSE:EVTC).

EVERTEC, Inc. (NYSE:EVTC) Ratings Coverage

Among 8 analysts covering Evertec (NYSE:EVTC), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Evertec had 10 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 22 by Stifel Nicolaus. The firm has “Neutral” rating by Goldman Sachs given on Thursday, February 22. The company was maintained on Friday, March 2 by Cowen & Co. The stock has “Neutral” rating by JP Morgan on Wednesday, May 2. The rating was maintained by Cowen & Co on Thursday, February 22 with “Market Perform”. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, January 17. J.P. Morgan upgraded EVERTEC, Inc. (NYSE:EVTC) rating on Wednesday, May 2. J.P. Morgan has “Hold” rating and $2000 target. The company was maintained on Thursday, February 22 by Morgan Stanley. Below is a list of EVERTEC, Inc. (NYSE:EVTC) latest ratings and price target changes.

15/06/2018 Broker: Raymond James Rating: Market Perform Initiates Coverage On
02/05/2018 Broker: J.P. Morgan Rating: Hold New Target: $20.0000 Upgrade
02/05/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Upgrade
12/04/2018 Broker: William Blair Rating: Buy
02/03/2018 Broker: Cowen & Co Rating: Hold New Target: $18.0 Maintain
22/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $20.0 Maintain
22/02/2018 Broker: Cowen & Co Old Rating: Market Perform New Rating: Market Perform Old Target: $14 New Target: $18 Maintain
22/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $17 New Target: $18 Maintain
22/02/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
17/01/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Downgrade

The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.75. About 494,931 shares traded. EVERTEC, Inc. (NYSE:EVTC) has risen 31.52% since July 13, 2017 and is uptrending. It has outperformed by 18.95% the S&P500.

EVERTEC, Inc. and its subsidiaries engage in transaction processing business serving financial institutions, merchants, firms, and government agencies in Latin America and the Caribbean. The company has market cap of $1.59 billion. The firm operates through three divisions: Merchant Acquiring, Payment Processing, and Business Solutions. It has a 29.93 P/E ratio. The Merchant Acquiring segment 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 cards.

More news for EVERTEC, Inc. (NYSE:EVTC) were recently published by: Businesswire.com, which released: “EVERTEC to Announce Second Quarter 2018 Financial Results on July 31, 2018” on July 10, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Health Insurance Innovations, M/I Homes, Deckers Outdoor, Evertec …” and published on June 28, 2018 is yet another important article.

EVERTEC, Inc. (NYSE:EVTC) Institutional Positions Chart

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