EVERTEC, Inc. (NYSE:EVTC) Short Interest Update

EVERTEC, Inc. (NYSE:EVTCGet Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 1,490,000 shares, a decrease of 9.7% from the December 15th total of 1,650,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 319,000 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EVTC shares. Morgan Stanley increased their price objective on shares of EVERTEC from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, October 27th. Susquehanna lifted their target price on shares of EVERTEC from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. StockNews.com upgraded shares of EVERTEC from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, TheStreet cut shares of EVERTEC from a “b” rating to a “c+” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

Get Our Latest Stock Report on EVERTEC

Institutional Trading of EVERTEC

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its position in shares of EVERTEC by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 721 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 318 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of EVERTEC by 191.8% in the 2nd quarter. Fifth Third Bancorp now owns 849 shares of the business services provider’s stock valued at $31,000 after buying an additional 558 shares during the period. Ronald Blue Trust Inc. grew its holdings in shares of EVERTEC by 314.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,000 shares of the business services provider’s stock valued at $37,000 after buying an additional 759 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of EVERTEC by 274.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,132 shares of the business services provider’s stock valued at $38,000 after buying an additional 830 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of EVERTEC in the 3rd quarter valued at $49,000. Institutional investors own 96.80% of the company’s stock.

EVERTEC Stock Performance

EVTC stock opened at $38.40 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50 day moving average price of $38.35 and a 200 day moving average price of $38.03. EVERTEC has a fifty-two week low of $31.55 and a fifty-two week high of $42.03. The stock has a market capitalization of $2.48 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.18.

EVERTEC (NYSE:EVTCGet Free Report) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.17. The firm had revenue of $173.20 million during the quarter, compared to analysts’ expectations of $157.42 million. EVERTEC had a net margin of 14.65% and a return on equity of 32.30%. Analysts forecast that EVERTEC will post 2.52 EPS for the current year.

EVERTEC Company Profile

(Get Free Report)

EVERTEC, Inc engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions segments. It 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 (EBT) cards.

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