BNP Paribas Arbitrage SNC Reduces Stake in EVERTEC, by 8010 Shares
December 1, 2023
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BNP Paribas Arbitrage SNC recently initiated a transaction that involved the sale of 8010 of its shares in EVERTEC ($NYSE:EVTC), Inc., a leading full-service transaction processing business in Puerto Rico and Latin America. The company’s clients comprise banks, credit unions, governments and leading businesses that use EVERTEC’s range of products and services for payment processing, fraud prevention, and analytics. EVERTEC, Inc. is publicly traded on the New York Stock Exchange and its shares are among the most actively traded on the exchange.
The sale of 8010 shares by BNP Paribas Arbitrage SNC may be seen as a sign that the company’s stock was trading at a price that was too high for their liking. Nevertheless, EVERTEC, Inc. remains one of the most attractive stocks on the NYSE, given its strong presence in the growing market for transaction processing services.
Share Price
On Thursday, BNP Paribas Arbitrage SNC, a French bank, announced that it has reduced its stake in EVERTEC Inc. by 8010 shares. Following the news, the stock of EVERTEC opened at $36.0 and closed at $37.0, higher by 4.1% compared to last closing price of $35.5. The recent transaction resulted in BNP Paribas Arbitrage SNC selling more than half of its ownership of the Puerto Rican payment processor. This is not the first time that the French banking giant has reduced its stake in EVERTEC as it had sold similar number of shares in June. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Evertec. More…
| Total Revenues | Net Income | Net Margin |
| 661.88 | 96.95 | 19.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Evertec. More…
| Operations | Investing | Financing |
| 227.81 | -132.75 | -126.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Evertec. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.22k | 685.11 | 8.24 |
Key Ratios Snapshot
Some of the financial key ratios for Evertec are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.5% | 4.3% | 19.8% |
| FCF Margin | ROE | ROA |
| 22.6% | 15.3% | 6.7% |
Analysis
We at GoodWhale conducted an analysis of EVERTEC‘s financials. The result of our analysis using the Star Chart revealed that the company was strong in dividends and profitability, medium in growth and weak in asset. Based on these results, we classified EVERTEC as a ‘rhino’ type of company, indicating that it has achieved moderate revenue or earnings growth. Considering that EVERTEC has a high health score of 9/10 due to its cashflows and debt, it is capable of paying off debt as well as funding future operations. As such, we believe that value investors may be interested in investing in such a company. Moreover, investors who look for high dividends may also be drawn to the company due to its strong dividend record. More…
Peers
The company offers a wide range of products and services that enable businesses to accept and process electronic payments. Evertec Inc’s competitors include Euronet Worldwide Inc, EVO Payments Inc, and DLocal Ltd.
– Euronet Worldwide Inc ($NASDAQ:EEFT)
Euronet Worldwide is a leading global provider of electronic transaction processing solutions for the financial and retail industries. The company has a market cap of 4.5 billion and a return on equity of 18.5%. Euronet provides a comprehensive range of services that enable financial institutions, retailers and other businesses to process transactions electronically. These services include ATM and point-of-sale (POS) services, card issuing and acquiring, mobile payments, cross-border money transfer, and other payment-related services. Euronet has a strong presence in Europe, Asia Pacific, the Middle East, Africa and the United States.
– EVO Payments Inc ($NASDAQ:EVOP)
Evo Payments, Inc. is a holding company, which engages in the provision of payment processing services. It offers merchant acquiring and processing solutions, which enable merchants to accept a variety of payment types, including credit, debit, prepaid, and alternative payments. The company was founded in 1989 and is headquartered in Atlanta, GA.
– DLocal Ltd ($NASDAQ:DLO)
DLocal is a leading cross-border payments platform that enables businesses to make and receive payments in local currencies across Africa, Asia, Latin America, and the Middle East. The company has a market cap of 4.11B as of 2022 and a return on equity of 23.96%. DLocal is headquartered in London, UK.
Summary
Investing in EVERTEC, Inc. is becoming increasingly attractive for investors due to the recent sale of 8010 shares by BNP Paribas Arbitrage SNC. The stock price of EVERTEC moved up as a result of the sale, indicating that it is now in high demand. Investors should consider the company’s financials, industry position and competitive advantages as they evaluate their investment decision.
Additionally, investors should watch closely for any changes in management, new product offerings, and any other news that could affect their investment. With careful analysis and research, investors can make an informed decision when investing in EVERTEC.
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