Campbell & CO Investment Adviser LLC Buys 4,658 Shares of EVERTEC, Inc. (NYSE:EVTC)

Campbell & CO Investment Adviser LLC raised its stake in shares of EVERTEC, Inc. (NYSE:EVTCFree Report) by 54.0% during the third quarter, HoldingsChannel reports. The firm owned 13,282 shares of the business services provider’s stock after buying an additional 4,658 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in EVERTEC were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in EVERTEC by 78.9% during the second quarter. First Horizon Advisors Inc. now owns 721 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 318 shares during the period. Fifth Third Bancorp raised its position in EVERTEC by 191.8% during the second quarter. Fifth Third Bancorp now owns 849 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 558 shares during the period. Ronald Blue Trust Inc. raised its holdings in shares of EVERTEC by 314.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,000 shares of the business services provider’s stock worth $37,000 after buying an additional 759 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of EVERTEC by 274.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,132 shares of the business services provider’s stock worth $38,000 after buying an additional 830 shares during the period. Finally, FMR LLC raised its holdings in shares of EVERTEC by 36.1% in the first quarter. FMR LLC now owns 1,838 shares of the business services provider’s stock worth $62,000 after buying an additional 488 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded EVERTEC from a “hold” rating to a “buy” rating in a report on Thursday, February 1st. TheStreet downgraded EVERTEC from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Morgan Stanley increased their price target on EVERTEC from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, October 27th. Finally, Susquehanna increased their price target on EVERTEC from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.00.

Get Our Latest Analysis on EVTC

EVERTEC Trading Up 1.9 %

EVTC opened at $42.06 on Tuesday. EVERTEC, Inc. has a 12 month low of $31.55 and a 12 month high of $42.14. The stock has a fifty day moving average price of $40.10 and a 200-day moving average price of $38.19. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.20 and a beta of 1.23. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.70.

EVERTEC Profile

(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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Institutional Ownership by Quarter for EVERTEC (NYSE:EVTC)

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