Heartland Advisors Inc. raised its position in Evertec, Inc. (NYSE:EVTC) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 559,600 shares of the business services provider’s stock after buying an additional 67,525 shares during the period. Heartland Advisors Inc. owned about 0.77% of Evertec worth $9,681,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc acquired a new position in Evertec during the second quarter worth approximately $108,000. BNP Paribas Arbitrage SA increased its stake in Evertec by 497.5% in the second quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after buying an additional 5,880 shares during the period. Koch Industries Inc. purchased a new stake in Evertec during the first quarter worth $169,000. Campbell & CO Investment Adviser LLC purchased a new stake in Evertec during the first quarter worth $171,000. Finally, DF Dent & Co. Inc. increased its stake in Evertec by 0.7% in the first quarter. DF Dent & Co. Inc. now owns 10,832 shares of the business services provider’s stock worth $172,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 77.96% of the company’s stock.
Evertec, Inc. (EVTC) opened at 18.40 on Friday. Evertec, Inc. has a one year low of $14.15 and a one year high of $19.52. The stock has a 50 day moving average price of $18.17 and a 200 day moving average price of $16.94. The firm has a market capitalization of $1.33 billion, a P/E ratio of 17.21 and a beta of 1.25.
Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $103.51 million for the quarter, compared to analyst estimates of $100.21 million. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, equities analysts predict that Evertec, Inc. will post $1.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Monday, August 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. Evertec’s dividend payout ratio is 37.74%.
A number of equities research analysts have weighed in on EVTC shares. Zacks Investment Research raised Evertec from a “sell” rating to a “hold” rating in a report on Friday, May 5th. BidaskClub raised Evertec from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Finally, ValuEngine downgraded Evertec from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Evertec presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Evertec Company Profile
EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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