46,159 Shares in Evertec, Inc. $EVTC Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new position in shares of Evertec, Inc. (NYSE:EVTC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,159 shares of the business services provider’s stock, valued at approximately $1,559,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners acquired a new stake in Evertec in the 2nd quarter worth about $12,995,000. Globeflex Capital L P lifted its position in shares of Evertec by 9,133.9% in the second quarter. Globeflex Capital L P now owns 289,207 shares of the business services provider’s stock valued at $10,426,000 after acquiring an additional 286,075 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Evertec by 422.5% in the second quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock worth $7,500,000 after acquiring an additional 168,225 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of Evertec during the second quarter worth approximately $4,386,000. Finally, Marshall Wace LLP increased its position in shares of Evertec by 301.1% during the second quarter. Marshall Wace LLP now owns 115,876 shares of the business services provider’s stock worth $4,177,000 after purchasing an additional 86,990 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EVTC. Keefe, Bruyette & Woods decreased their price objective on Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Susquehanna lowered their price target on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Morgan Stanley dropped their price objective on shares of Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Finally, Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Evertec currently has an average rating of “Hold” and a consensus price target of $35.80.

Evertec Trading Up 0.1%

Shares of EVTC stock opened at $26.26 on Friday. The company’s 50-day moving average price is $29.11 and its 200-day moving average price is $31.24. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.00 and a beta of 0.86. Evertec, Inc. has a twelve month low of $25.83 and a twelve month high of $38.56.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.