Credit Suisse AG Acquires 352 Shares of EVERTEC, Inc. (NYSE:EVTC)

Credit Suisse AG lifted its holdings in EVERTEC, Inc. (NYSE:EVTC – Get Rating) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,936 shares of the business services provider’s stock after purchasing an additional 352 shares during the period. Credit Suisse AG owned 0.10% of EVERTEC worth $2,035,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Heartland Advisors Inc. grew its position in shares of EVERTEC by 116.6% during the 3rd quarter. Heartland Advisors Inc. now owns 194,900 shares of the business services provider’s stock worth $6,110,000 after buying an additional 104,900 shares during the period. ExodusPoint Capital Management LP grew its position in shares of EVERTEC by 260.5% during the 3rd quarter. ExodusPoint Capital Management LP now owns 27,311 shares of the business services provider’s stock worth $856,000 after buying an additional 19,735 shares during the period. Dimensional Fund Advisors LP grew its position in shares of EVERTEC by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,571,244 shares of the business services provider’s stock valued at $49,261,000 after purchasing an additional 8,731 shares during the period. Tower Research Capital LLC TRC grew its position in shares of EVERTEC by 246.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,591 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 4,687 shares during the period. Finally, Bank of Montreal Can grew its position in shares of EVERTEC by 6.6% in the 3rd quarter. Bank of Montreal Can now owns 40,096 shares of the business services provider’s stock valued at $1,293,000 after purchasing an additional 2,492 shares during the period. 97.74% of the stock is currently owned by institutional investors.

EVERTEC Price Performance

Shares of EVTC opened at $37.30 on Monday. The company has a quick ratio of 2.22, a current ratio of 1.87 and a debt-to-equity ratio of 0.82. EVERTEC, Inc. has a twelve month low of $30.17 and a twelve month high of $42.94. The stock has a market capitalization of $2.42 billion, a P/E ratio of 10.66 and a beta of 0.98. The company has a 50 day moving average of $35.25 and a 200-day moving average of $33.82.

EVERTEC (NYSE:EVTC – Get Rating) last released its earnings results on Wednesday, February 22nd. The business services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). EVERTEC had a net margin of 38.65% and a return on equity of 31.29%. The business had revenue of $161.79 million during the quarter, compared to the consensus estimate of $154.51 million. As a group, equities research analysts forecast that EVERTEC, Inc. will post 2.34 EPS for the current fiscal year.

EVERTEC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, February 28th will be paid a $0.05 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.20 annualized dividend and a yield of 0.54%. EVERTEC’s payout ratio is currently 5.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EVTC shares. TheStreet upgraded EVERTEC from a “c+” rating to a “b” rating in a research report on Tuesday, January 31st. Raymond James boosted their price objective on EVERTEC from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd.

EVERTEC Company Profile

(Get Rating)

EVERTEC, Inc engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, Business Solutions, and Corporate and Other. The Payment Services segment is involved in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring.