Evertec Inc (EVTC) is Initiated by Compass Point to Buy, Price Target at $17

Evertec Inc (EVTC) was Initiated by Compass Point to “Buy” and the brokerage firm has set the Price Target at $17. Compass Point advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Evertec Inc. Compass Point Initiated Evertec Inc on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $17.

On the company’s financial health, Evertec Inc reported $0.44 EPS for the quarter, based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus estimate of $0.44. The company had revenue of $95.50 million for the quarter, compared to analysts expectations of $94.85 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Evertec Inc closed down -0.2 points or -1.51% at $13.02 with 3,66,858 shares getting traded on Monday. Post opening the session at $13.26, the shares hit an intraday low of $13 and an intraday high of $13.49 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 21, 2015, Carlos J. Ramirez (Executive Vice President) sold 37,500 shares at $18.31 per share price. According to the SEC, on May 8, 2015, Miguel Vizcarrondo (Executive Vice President) sold 50,000 shares at $22.06 per share price.

EVERTEC Inc. is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants debit network fees and rental fees from point-of-sale (POS) devices and other equipment net of credit card interchange and assessment fees. The Payment Processing segment provides access to the ATH network and other card networks to financial institutions including services such as authorization processing management and recording of automated teller machines (ATM) and POS transactions and ATM management and monitoring. The Business Solutions segment consist of a suite of business process management solutions in various product areas such as core bank processing network hosting and management among others.

Evertec Inc

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