Evertec, Inc. $EVTC Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Evertec, Inc. (NYSE:EVTC) by 443.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,505 shares of the business services provider’s stock after acquiring an additional 34,690 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Evertec worth $1,236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. raised its stake in shares of Evertec by 132.6% during the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 435 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Evertec during the third quarter valued at about $52,000. Advisory Services Network LLC bought a new stake in shares of Evertec during the third quarter valued at about $59,000. Smartleaf Asset Management LLC raised its stake in shares of Evertec by 40.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 517 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Evertec by 34.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Trading Down 0.8%

Shares of EVTC opened at $27.92 on Wednesday. The business’s 50-day moving average price is $27.89 and its 200 day moving average price is $29.25. The stock has a market capitalization of $1.72 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.07 and a beta of 0.84. Evertec, Inc. has a 1-year low of $24.95 and a 1-year high of $38.56. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.69.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Tuesday, March 3rd. The business services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $244.83 million for the quarter, compared to analysts’ expectations of $236.83 million. Evertec had a return on equity of 33.27% and a net margin of 15.19%.Evertec’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Analysts expect that Evertec, Inc. will post 2.63 earnings per share for the current year.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. Evertec’s payout ratio is 9.13%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVTC. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Evertec currently has a consensus rating of “Hold” and a consensus price target of $35.80.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.