EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in EVERTEC, Inc. (NYSE:EVTC – Get Rating) by 20.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,537 shares of the business services provider’s stock after selling 3,306 shares during the period. Hsbc Holdings PLC’s holdings in EVERTEC were worth $394,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EVTC. Wipfli Financial Advisors LLC acquired a new position in shares of EVERTEC in the 3rd quarter valued at approximately $27,000. CWM LLC increased its holdings in shares of EVERTEC by 269.9% in the 3rd quarter. CWM LLC now owns 910 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 664 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of EVERTEC by 897.9% in the 3rd quarter. Bessemer Group Inc. now owns 968 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 871 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of EVERTEC by 31.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,450 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 580 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of EVERTEC in the 3rd quarter valued at approximately $138,000. 97.74% of the stock is owned by institutional investors and hedge funds.

EVERTEC Trading Down 1.1 %

Shares of EVERTEC stock opened at $35.98 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 10.28 and a beta of 0.98. The business has a fifty day simple moving average of $35.35 and a 200-day simple moving average of $33.83. EVERTEC, Inc. has a fifty-two week low of $30.17 and a fifty-two week high of $42.94.

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

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, February 28th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date is Monday, February 27th. EVERTEC’s payout ratio is currently 5.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EVTC. TheStreet upgraded EVERTEC from a “c+” rating to a “b” rating in a research note on Tuesday, January 31st. Raymond James increased their price target on EVERTEC from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd.

About EVERTEC

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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.