Russell Investments Group Ltd. Has $1.11 Million Position in EVERTEC, Inc. (NYSE:EVTC)

Russell Investments Group Ltd. increased its position in EVERTEC, Inc. (NYSE:EVTC) by 195.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,778 shares of the business services provider’s stock after buying an additional 21,701 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of EVERTEC worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EVTC. BlackRock Inc. lifted its holdings in shares of EVERTEC by 0.9% in the 1st quarter. BlackRock Inc. now owns 9,289,037 shares of the business services provider’s stock worth $380,201,000 after purchasing an additional 85,465 shares in the last quarter. Vanguard Group Inc. raised its position in EVERTEC by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,558,601 shares of the business services provider’s stock valued at $309,373,000 after buying an additional 58,160 shares during the last quarter. American Century Companies Inc. raised its position in EVERTEC by 4.6% in the 4th quarter. American Century Companies Inc. now owns 4,260,431 shares of the business services provider’s stock valued at $137,953,000 after buying an additional 187,985 shares during the last quarter. State Street Corp raised its position in EVERTEC by 5.6% in the 3rd quarter. State Street Corp now owns 2,179,879 shares of the business services provider’s stock valued at $68,339,000 after buying an additional 114,678 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in EVERTEC by 0.5% in the 1st quarter. River Road Asset Management LLC now owns 2,046,405 shares of the business services provider’s stock valued at $69,066,000 after buying an additional 10,509 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Activity at EVERTEC

In related news, COO Diego Viglianco sold 1,128 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $39.79, for a total value of $44,883.12. Following the sale, the chief operating officer now directly owns 36,765 shares in the company, valued at approximately $1,462,879.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Paola Perez-Surillo sold 3,253 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $39.11, for a total transaction of $127,224.83. Following the sale, the executive vice president now directly owns 32,139 shares in the company, valued at $1,256,956.29. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Diego Viglianco sold 1,128 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $39.79, for a total value of $44,883.12. Following the sale, the chief operating officer now owns 36,765 shares in the company, valued at $1,462,879.35. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EVTC has been the subject of a number of analyst reports. Susquehanna increased their price target on EVERTEC from $36.00 to $43.00 in a research report on Thursday, July 27th. Raymond James increased their price target on EVERTEC from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Finally, StockNews.com assumed coverage on EVERTEC in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

EVERTEC Trading Up 0.6 %

Shares of EVERTEC stock opened at $39.70 on Thursday. EVERTEC, Inc. has a 1 year low of $30.17 and a 1 year high of $42.03. The firm has a market cap of $2.57 billion, a PE ratio of 11.71, a P/E/G ratio of 1.42 and a beta of 0.96. The stock has a fifty day moving average price of $38.99 and a 200-day moving average price of $36.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.98 and a quick ratio of 1.98.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, July 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. EVERTEC had a return on equity of 28.71% and a net margin of 35.42%. The firm had revenue of $167.08 million during the quarter, compared to analyst estimates of $164.43 million. Equities research analysts anticipate that EVERTEC, Inc. will post 2.4 EPS for the current year.

EVERTEC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, July 28th. EVERTEC’s dividend payout ratio is currently 5.90%.

About EVERTEC

EVERTEC, Inc engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions segments. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.