The analysts at StockNews.com started providing coverage of EVERTEC in a research report made available for public consumption on Thursday (NYSE: EVTC).
The recommendation made by the company to shareholders was to “keep” their position in the stock of the business services provider.
On February 22nd, the most recent quarterly earnings report for Evertec (NYSE: EVTC) was made public for investors to view.
The company’s actual earnings for the quarter came in at $0.59, which is $0.05 less than the average prediction of $0.60 for earnings for the quarter.
The return on equity for Evertec came in at 31.29%, and the company’s net margin was 38.65%.
These two numbers both have a significant impact.
The company’s revenue for the quarter was $161.79 million, which was higher than the consensus estimate of $154.51 million in sales for the period among industry analysts.
According to the forecasts provided by equity analysts for Evertec’s current financial year, the company is anticipated to generate $2.34 per share earnings.
At the opening of the New York Stock Exchange (NYSE) on Thursday, the price of EVTC was $33.33. Over the previous twelve months, the price of Evertec ranged from a low of $30.17 to a high of $42.94.
Each of the three liquidity ratios—the debt-to-equity ratio, the current ratio, and the quick ratio—is exactly 1.87.
The ratio of debt to equity is currently at 0.82.
The moving average price of the stock over the past fifty days is $35.65, and the moving average price over the past 200 days is $33.85, respectively.
The business currently carries a price-to-earnings ratio of 9.52, a beta value of 0.98, and a market capitalization of $2.17 billion.
In recent months, several equity research analysts have released various papers that publish the results of their investigations into the company.
The Street raised its previous assessment of Evertec from a grade of “c+” to a grade of “b” in a public research report on January 31st, 2019. On Thursday, February 23rd, Raymond James published a research report in which they increased their price objective for EVERTEC from $41.00 to $43.00 and gave the stock an “outperform” rating.
Additionally, Evertec CEO Morgan M. Schuessler completed the sale of 27,101 shares of the company’s stock on March 9th.
This information was included in yet another EVERTEC news article.
The stock sale resulted in a total revenue of $974,009.94, with the average price that each share could fetch being $35.94. Following this link will take you to a legal filing made with the SEC and provide you with more information regarding the transaction.
The current market value of 169,750 shares is approximately $6,100,815; the company’s CEO is now the direct owner of these shares.
The company’s insiders own 0.44 percent of the total number of shares outstanding.
Several significant investors have made recent modifications to their stock holdings throughout the most recent short period.
During the third quarter, BlackRock INC increased the proportion of shares in Evercore that is owned by 9.2%.
BlackRock INC now has 10,066,208 shares of the business services provider’s stock following the purchase of an additional 845,669 shares during the most recent quarter.
The stock is currently valued at $315,575,000.
During the first three months of this year, Vanguard Group INC increased the percentage of Evertec stock owned by 0.8%. Vanguard Group INC now has 7,558,601 shares of the business services provider’s stock, currently valued at $309,373,000, after making an additional purchase of 58,160 shares during the period in question.
The percentage of Evertec stock owned by American Century Companies INC increased by 4.6% over the most recent quarter.
As a result of American Century Companies INC’s additional purchase of 187,985 shares during the period, the company now has a total of 4,260,431 shares of the business services provider’s stock.
This gives the company a value of $137,953,000.
During the third quarter, State Street Corporation achieved a 5.6% increase in the proportion of Evertec stock it owned.
The business services provider’s stock is now valued at a total of 2,179,879 shares for State Street Corp.
After the company made an additional purchase of 114,678 shares during the period in question.
These shares are currently worth a total of $68,339,000 as of right now.
And finally, during the last three months of 2018, River Road Asset Management LLC amassed an additional 13.7% of Evertec’s total shares, bringing the total percentage of the company’s holdings to 100%.
After making an additional purchase of 245,335 shares during the relevant period, River Road Asset Management LLC now owns 2,035,896 shares of the business services provider’s stock, valued at $65,922,000.
These shares were acquired during the time above period.
The stock’s total value comprises 97.74 percent of holdings that hedge funds and other institutional investors make.