Yousif Capital Management LLC Purchases 500 Shares of EVERTEC, Inc. (NYSE:EVTC)

Yousif Capital Management LLC boosted its position in EVERTEC, Inc. (NYSE:EVTC) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,464 shares of the business services provider’s stock after purchasing an additional 500 shares during the period. Yousif Capital Management LLC’s holdings in EVERTEC were worth $1,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVTC. FMR LLC raised its stake in shares of EVERTEC by 3,946.0% during the 3rd quarter. FMR LLC now owns 889,431 shares of the business services provider’s stock worth $33,069,000 after purchasing an additional 867,448 shares during the period. Loomis Sayles & Co. L P boosted its stake in EVERTEC by 16.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,452,050 shares of the business services provider’s stock valued at $53,987,000 after acquiring an additional 202,757 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of EVERTEC by 73.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 409,002 shares of the business services provider’s stock valued at $15,207,000 after acquiring an additional 172,692 shares during the period. Qube Research & Technologies Ltd grew its position in shares of EVERTEC by 159.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 70,556 shares of the business services provider’s stock valued at $2,623,000 after acquiring an additional 43,360 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of EVERTEC during the 3rd quarter worth approximately $1,398,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

EVERTEC Stock Up 1.8 %

EVERTEC stock opened at $36.38 on Friday. The firm has a 50 day simple moving average of $38.07 and a 200 day simple moving average of $38.19. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.58. EVERTEC, Inc. has a 1-year low of $31.56 and a 1-year high of $42.21. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 2.21 and a beta of 1.19.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings results 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 company had revenue of $194.62 million during the quarter, compared to analysts’ expectations of $179.86 million. On average, analysts predict that EVERTEC, Inc. will post 2.33 earnings per share for the current year.

EVERTEC Dividend Announcement

The business also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, April 26th. EVERTEC’s dividend payout ratio is presently 20.20%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EVTC. Morgan Stanley increased their price objective on EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. StockNews.com downgraded EVERTEC from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.33.

Insider Transactions at EVERTEC

In related news, Director Frank G. D’angelo sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $37.43, for a total transaction of $598,880.00. Following the completion of the transaction, the director now owns 10,380 shares of the company’s stock, valued at $388,523.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other EVERTEC news, CEO Morgan M. Schuessler sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 347,941 shares of the company’s stock, valued at approximately $12,939,925.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank G. D’angelo sold 16,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the transaction, the director now directly owns 10,380 shares of the company’s stock, valued at approximately $388,523.40. The disclosure for this sale can be found here. 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.