Short Interest Worth Mentioning: Evertec Incorporated (NYSE:EVTC) Could Improve Your Long Portfolio After Less Shorts Reported

January 11, 2017 - By Richard Conner   ·   0 Comments

Short Interest Worth Mentioning: Evertec Incorporated (NYSE:EVTC) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Evertec Incorporated (NYSE:EVTC) registered a decrease of 13.01% in short interest. EVTC’s total short interest was 677,300 shares in January as published by FINRA. Its down 13.01% from 778,600 shares, reported previously. With 392,500 shares average volume, it will take short sellers 2 days to cover their EVTC’s short positions. The short interest to Evertec Incorporated’s float is 1.02%. About 142,807 shares traded hands. Evertec Inc (NYSE:EVTC) has risen 11.25% since June 7, 2016 and is uptrending. It has outperformed by 3.83% the S&P500.

EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The company has a market cap of $1.30 billion. The Firm provides a range of merchant acquiring, payment processing and business process management services. It has a 14.54 P/E ratio. It has three divisions: Merchant Acquiring, Payment Processing and Business Solutions.

Insitutional Activity: The institutional sentiment increased to 1.63 in 2016 Q3. Its up 0.72, from 0.91 in 2016Q2. The ratio increased, as 9 funds sold all Evertec Inc shares owned while 37 reduced positions. 24 funds bought stakes while 51 increased positions. They now own 57.73 million shares or 3.11% less from 59.59 million shares in 2016Q2.
Boston Prtnrs holds 0.02% of its portfolio in Evertec Inc (NYSE:EVTC) for 692,660 shares. Citigroup Inc has 103,076 shares for 0% of their US portfolio. The Tennessee-based First Mercantile Co has invested 0.15% in Evertec Inc (NYSE:EVTC). Legal General Grp Inc Public Ltd owns 17,021 shares or 0% of their US portfolio. Bancorp Of Ny Mellon has invested 0% of its portfolio in Evertec Inc (NYSE:EVTC). Morgan Stanley accumulated 0% or 590,139 shares. Thompson Siegel And Walmsley Limited Co last reported 0.15% of its portfolio in the stock. Ameriprise Fincl has invested 0% of its portfolio in Evertec Inc (NYSE:EVTC). Moreover, Thrivent Fincl For Lutherans has 0.01% invested in Evertec Inc (NYSE:EVTC) for 69,230 shares. Stoneridge Inv Prtnrs Lc holds 0.23% or 95,383 shares in its portfolio. Pdt Prtnrs Limited Company has invested 0.05% of its portfolio in Evertec Inc (NYSE:EVTC). The Texas-based Barrow Hanley Mewhinney Strauss Limited Co has invested 0% in Evertec Inc (NYSE:EVTC). Epoch Prtnrs accumulated 0.1% or 1.53M shares. Blackrock last reported 7,950 shares in the company. Alps Advsrs accumulated 0% or 25,007 shares.

Insider Transactions: Since November 23, 2016, the stock had 0 buys, and 2 insider sales for $1.42 million net activity. $510,000 worth of shares were sold by Vizcarrondo Miguel on Wednesday, November 23. 50,499 shares with value of $908,982 were sold by Ramirez Carlos J. on Tuesday, November 29.

Evertec Inc (NYSE:EVTC) Ratings Coverage

Out of 5 analysts covering Evertec (NYSE:EVTC), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Evertec has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Monday, December 5 the stock rating was downgraded by Cowen & Co to “Market Perform”. JP Morgan maintained Evertec Inc (NYSE:EVTC) on Friday, August 14 with “Neutral” rating. The stock of Evertec Inc (NYSE:EVTC) earned “Hold” rating by Deutsche Bank on Thursday, November 5. The firm has “Buy” rating given on Thursday, February 25 by Compass Point. As per Friday, April 15, the company rating was initiated by Compass Point. Cowen & Co initiated the shares of EVTC in a report on Wednesday, September 30 with “Outperform” rating. The firm earned “Buy” rating on Friday, July 29 by Compass Point.

EVTC Company Profile

EVERTEC, Inc., formerly Carib Latam Holdings, Inc., incorporated on April 13, 2012, is a full-service transaction processing company. The Firm provides a range of merchant acquiring, payment processing and business process management services across approximately 20 countries. The Firm operates through three divisions: Merchant Acquiring, Payment Processing and Business Solutions. The Firm owns and operates the ATH network, an automated teller machine (ATM) and personal identification number (PIN) debit network in Latin America. In addition, the Company provides a range of services for core bank processing, cash processing and technology outsourcing in the regions it serves. The Firm serves a diversified customer base of financial institutions, merchants, firms and government agencies with solutions that enable them to issue, process and accept transactions securely. It manages a system of electronic payment networks that process approximately two billion transactions annually. The Company’s suite of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions, such as the electronic capture and authorization of transactions at the point-of-sale (POS), as well as back-end support services, such as the clearing and settlement of transactions and account reconciliation for card issuers.

More news for Evertec Inc (NYSE:EVTC) were recently published by: Equitiesfocus.com, which released: “Evertec, Inc. (NYSE:EVTC) Specifies Dividend Payout At $0.1” on January 10, 2017. Businesswire.com‘s article titled: “EVERTEC, Inc. to Announce Fourth Quarter and Full Year 2015 Financial Results …” and published on January 22, 2016 is yet another important article.

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By Richard Conner

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