Cetera Investment Advisers raised its holdings in Evertec, Inc. (NYSE:EVTC – Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,523 shares of the business services provider’s stock after purchasing an additional 878 shares during the quarter. Cetera Investment Advisers’ holdings in Evertec were worth $424,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Evertec by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,628,404 shares of the business services provider’s stock valued at $56,229,000 after purchasing an additional 32,330 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Evertec by 0.8% during the 4th quarter. Northern Trust Corp now owns 847,176 shares of the business services provider’s stock valued at $29,253,000 after acquiring an additional 7,073 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in shares of Evertec by 3.6% during the 4th quarter. North Star Asset Management Inc. now owns 794,171 shares of the business services provider’s stock valued at $27,423,000 after acquiring an additional 27,911 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Evertec by 41.6% during the 4th quarter. Ameriprise Financial Inc. now owns 568,797 shares of the business services provider’s stock valued at $19,641,000 after acquiring an additional 166,997 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Evertec during the 4th quarter valued at $17,416,000. Institutional investors and hedge funds own 96.80% of the company’s stock.
Insider Transactions at Evertec
In other Evertec news, Director Ivan Pagan sold 6,852 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $36.65, for a total transaction of $251,125.80. Following the completion of the sale, the director directly owned 12,473 shares of the company’s stock, valued at approximately $457,135.45. The trade was a 35.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aldo J. Polak sold 2,243 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $35.72, for a total value of $80,119.96. Following the sale, the director directly owned 11,946 shares of the company’s stock, valued at $426,711.12. This represents a 15.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Evertec
Evertec Stock Down 0.6%
Shares of EVTC opened at $36.77 on Monday. The company has a market capitalization of $2.35 billion, a PE ratio of 17.34, a PEG ratio of 1.80 and a beta of 0.96. Evertec, Inc. has a 12 month low of $31.11 and a 12 month high of $38.56. The stock’s 50-day moving average price is $35.50 and its two-hundred day moving average price is $35.26. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.49.
Evertec (NYSE:EVTC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $229.61 million for the quarter, compared to the consensus estimate of $222.23 million. Evertec had a return on equity of 36.67% and a net margin of 15.56%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. On average, analysts anticipate that Evertec, Inc. will post 2.63 EPS for the current year.
Evertec Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 4th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 4th. Evertec’s payout ratio is presently 9.43%.
About Evertec
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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