Creative Planning Purchases 6,646 Shares of Evertec, Inc. $EVTC

Creative Planning raised its holdings in Evertec, Inc. (NYSE:EVTC) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,497 shares of the business services provider’s stock after buying an additional 6,646 shares during the quarter. Creative Planning owned 0.08% of Evertec worth $1,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Evertec by 1.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,473,953 shares of the business services provider’s stock valued at $127,737,000 after acquiring an additional 65,793 shares in the last quarter. Geode Capital Management LLC lifted its stake in Evertec by 0.6% during the second quarter. Geode Capital Management LLC now owns 1,476,778 shares of the business services provider’s stock worth $53,245,000 after purchasing an additional 9,506 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Evertec by 3.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,155,394 shares of the business services provider’s stock worth $42,484,000 after purchasing an additional 33,832 shares during the period. Northern Trust Corp boosted its holdings in Evertec by 7.1% during the first quarter. Northern Trust Corp now owns 907,660 shares of the business services provider’s stock valued at $33,375,000 after purchasing an additional 60,484 shares in the last quarter. Finally, North Star Asset Management Inc. grew its stake in shares of Evertec by 2.7% in the 1st quarter. North Star Asset Management Inc. now owns 815,816 shares of the business services provider’s stock valued at $29,998,000 after purchasing an additional 21,645 shares during the period. 96.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a research report on Monday. Zacks Research cut Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Susquehanna lowered their target price on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Raymond James Financial reissued an “outperform” rating and set a $43.00 price target (up from $42.00) on shares of Evertec in a report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.80.

Evertec Stock Down 2.2%

Shares of EVTC opened at $29.14 on Thursday. The business’s fifty day moving average price is $30.62 and its two-hundred day moving average price is $33.91. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.43 and a beta of 0.91. Evertec, Inc. has a 52 week low of $26.72 and a 52 week high of $38.56. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.20 and a current ratio of 2.20.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, November 3rd. Evertec’s dividend payout ratio (DPR) is presently 8.89%.

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.