Dana Investment Advisors Inc. Takes $2.78 Million Position in Evertec, Inc. $EVTC

Dana Investment Advisors Inc. bought a new position in Evertec, Inc. (NYSE:EVTC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 82,345 shares of the business services provider’s stock, valued at approximately $2,782,000. Dana Investment Advisors Inc. owned 0.13% of Evertec at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Evertec by 1.0% in the second quarter. American Century Companies Inc. now owns 4,558,374 shares of the business services provider’s stock worth $164,329,000 after acquiring an additional 46,147 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Evertec by 31.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,825 shares of the business services provider’s stock valued at $605,000 after purchasing an additional 3,991 shares during the last quarter. Clifford Capital Partners LLC increased its stake in Evertec by 3.0% during the 2nd quarter. Clifford Capital Partners LLC now owns 435,431 shares of the business services provider’s stock valued at $15,697,000 after purchasing an additional 12,880 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Evertec in the third quarter worth about $1,559,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Evertec in the second quarter worth about $879,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EVTC. Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Morgan Stanley reduced their target price on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Zacks Research cut Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Finally, Susquehanna reduced their price objective on Evertec from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.80.

Evertec Stock Performance

Shares of EVTC opened at $25.37 on Thursday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 11.27, a PEG ratio of 0.96 and a beta of 0.86. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.91 and a quick ratio of 2.91. Evertec, Inc. has a one year low of $24.95 and a one year high of $38.56. The business has a fifty day moving average of $28.58 and a 200 day moving average of $30.70.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, March 2nd. Evertec’s payout ratio is 8.89%.

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.