EVERTEC, Inc. (NYSE:EVTC) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in EVERTEC, Inc. (NYSE:EVTC) by 851.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,659 shares of the business services provider’s stock after buying an additional 11,328 shares during the period. Federated Hermes Inc.’s holdings in EVERTEC were worth $518,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. acquired a new stake in shares of EVERTEC in the 3rd quarter worth about $215,000. Hennion & Walsh Asset Management Inc. acquired a new stake in EVERTEC in the 3rd quarter valued at approximately $223,000. AlphaQ Advisors LLC bought a new stake in EVERTEC during the 4th quarter valued at $231,000. Jump Financial LLC bought a new stake in EVERTEC during the 3rd quarter valued at $244,000. Finally, AlphaMark Advisors LLC acquired a new position in EVERTEC during the 3rd quarter worth $251,000. 96.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EVTC. Morgan Stanley raised their price target on EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. StockNews.com lowered shares of EVERTEC from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.33.

EVERTEC Stock Performance

Shares of NYSE EVTC opened at $36.38 on Friday. EVERTEC, Inc. has a 1 year low of $31.56 and a 1 year high of $42.21. The firm has a market cap of $2.34 billion, a P/E ratio of 36.75, a PEG ratio of 2.21 and a beta of 1.19. The stock has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $38.19. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.88 and a current ratio of 1.88.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). EVERTEC had a net margin of 8.87% and a return on equity of 29.24%. The firm had revenue of $194.62 million during the quarter, compared to analyst estimates of $179.86 million. Research analysts forecast that EVERTEC, Inc. will post 2.33 EPS for the current fiscal year.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, April 29th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 26th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. EVERTEC’s dividend payout ratio (DPR) is 20.20%.

Insider Transactions at EVERTEC

In related news, CEO Morgan M. Schuessler sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the sale, the chief executive officer now directly owns 347,941 shares of the company’s stock, valued at $12,939,925.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Morgan M. Schuessler sold 100,000 shares of EVERTEC stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer now directly owns 347,941 shares in the company, valued at approximately $12,939,925.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank G. D’angelo sold 16,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the sale, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.

EVERTEC Company Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. 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.