Vanguard Group Inc. Has $305.14 Million Stake in EVERTEC, Inc. (NYSE:EVTC)

Vanguard Group Inc. boosted its holdings in shares of EVERTEC, Inc. (NYSE:EVTCFree Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,453,242 shares of the business services provider’s stock after purchasing an additional 68,871 shares during the period. Vanguard Group Inc. owned 11.39% of EVERTEC worth $305,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of EVERTEC in the 4th quarter valued at $31,000. Principal Securities Inc. acquired a new stake in shares of EVERTEC in the 4th quarter valued at $36,000. Federated Hermes Inc. acquired a new stake in shares of EVERTEC in the 3rd quarter valued at $49,000. AlphaQ Advisors LLC acquired a new stake in shares of EVERTEC in the 4th quarter valued at $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of EVERTEC during the third quarter worth $255,000. 96.80% of the stock is owned by institutional investors and hedge funds.

EVERTEC Stock Up 0.1 %

Shares of EVERTEC stock opened at $33.25 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.84. EVERTEC, Inc. has a 12 month low of $31.42 and a 12 month high of $42.21. The business has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $38.06. The stock has a market cap of $2.14 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16.

EVERTEC (NYSE:EVTCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. EVERTEC had a return on equity of 29.86% and a net margin of 8.87%. The business had revenue of $205.32 million during the quarter, compared to analysts’ expectations of $200.75 million. Research analysts predict that EVERTEC, Inc. will post 2.38 EPS for the current year.

EVERTEC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, April 29th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. EVERTEC’s dividend payout ratio (DPR) is presently 20.20%.

EVERTEC Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EVERTEC (NYSE:EVTC)

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