Evertec Inc (NYSE:EVTC) Move as Institutional Investors’ Sentiment Falls

May 20, 2018 - By Vivian Park

EVERTEC, Inc. (NYSE:EVTC) Logo

Sentiment for Evertec Inc (NYSE:EVTC)

Evertec Inc (NYSE:EVTC) institutional sentiment decreased to 0.86 in Q4 2017. Its down -0.99, from 1.85 in 2017Q3. The ratio dropped, as 72 hedge funds increased or started new positions, while 84 sold and decreased their stock positions in Evertec Inc. The hedge funds in our partner’s database now possess: 55.60 million shares, up from 53.62 million shares in 2017Q3. Also, the number of hedge funds holding Evertec Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 35 Reduced: 49 Increased: 43 New Position: 29.

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 $1.58 billion. The firm operates through three divisions: Merchant Acquiring, Payment Processing, and Business Solutions. It has a 28.72 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.

The stock decreased 0.46% or $0.1 during the last trading session, reaching $21.8. About 409,244 shares traded. EVERTEC, Inc. (NYSE:EVTC) has risen 4.50% since May 20, 2017 and is uptrending. It has underperformed by 7.05% the S&P500.

Analysts await EVERTEC, Inc. (NYSE:EVTC) to report earnings on August, 7. They expect $0.37 EPS, down 15.91 % or $0.07 from last year’s $0.44 per share. EVTC’s profit will be $26.80 million for 14.73 P/E if the $0.37 EPS becomes a reality. After $0.47 actual EPS reported by EVERTEC, Inc. for the previous quarter, Wall Street now forecasts -21.28 % negative EPS growth.

Rivulet Capital Llc holds 6.73% of its portfolio in EVERTEC, Inc. for 4.51 million shares. Glenhill Advisors Llc owns 1.37 million shares or 1.38% of their US portfolio. Moreover, Continental Advisors Llc has 1.05% invested in the company for 357,347 shares. The Wisconsin-based North Star Asset Management Inc has invested 0.94% in the stock. Springowl Associates Llc, a New York-based fund reported 72,131 shares.

EVERTEC, Inc. (NYSE:EVTC) Ratings Coverage

Ratings analysis reveals 29% of Evertec’s analysts are positive. Out of 7 Wall Street analysts rating Evertec, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $13.0 while the high is $20.0. The stock’s average target of $19 is -12.84% below today’s ($21.8) share price. EVTC was included in 10 notes of analysts from December 12, 2017. The stock of EVERTEC, Inc. (NYSE:EVTC) has “Hold” rating given on Wednesday, May 2 by J.P. Morgan. The company was maintained on Thursday, February 22 by Cowen & Co. Stifel Nicolaus maintained the shares of EVTC in report on Thursday, February 22 with “Buy” rating. The stock has “Hold” rating by Cowen & Co on Friday, March 2. JP Morgan upgraded the shares of EVTC in report on Wednesday, May 2 to “Neutral” rating. The stock has “Neutral” rating by Goldman Sachs on Thursday, February 22. J.P. Morgan downgraded the stock to “Sell” rating in Tuesday, December 12 report. Goldman Sachs downgraded the shares of EVTC in report on Wednesday, January 17 to “Sell” rating. The firm has “Equal-Weight” rating given on Thursday, February 22 by Morgan Stanley.

More recent EVERTEC, Inc. (NYSE:EVTC) news were published by: Seekingalpha.com which released: “EVERTEC’s (EVTC) CEO Morgan Schuessler on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. Also Benzinga.com published the news titled: “Benzinga Pro’s 5 Stocks To Watch Today” on May 02, 2018. Globenewswire.com‘s news article titled: “Report: Exploring Fundamental Drivers Behind Gartner, F5 Networks, Medidata Solutions, Evertec, Ring Energy, and …” with publication date: May 15, 2018 was also an interesting one.

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

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