Evertec, Inc. (EVTC) Holdings Raised by Sapience Investments LLC
Sapience Investments LLC boosted its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 859,020 shares of the business services provider’s stock after purchasing an additional 44,430 shares during the period. Evertec comprises approximately 2.3% of Sapience Investments LLC’s investment portfolio, making the stock its 9th biggest position. Sapience Investments LLC owned 1.19% of Evertec worth $14,861,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in shares of Evertec in the 2nd quarter valued at $108,000. BNP Paribas Arbitrage SA raised its position in Evertec by 497.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after purchasing an additional 5,880 shares during the last quarter. Koch Industries Inc. bought a new position in Evertec during the 1st quarter worth $169,000. DF Dent & Co. Inc. raised its position in Evertec by 0.7% during the 1st quarter. DF Dent & Co. Inc. now owns 10,832 shares of the business services provider’s stock worth $172,000 after purchasing an additional 79 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Evertec during the 1st quarter worth $181,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.
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Shares of Evertec, Inc. (EVTC) traded up 0.29% on Friday, reaching $17.40. The company had a trading volume of 520,424 shares. The company’s 50-day moving average is $18.50 and its 200-day moving average is $17.04. The company has a market capitalization of $1.26 billion, a PE ratio of 16.28 and a beta of 1.24. Evertec, Inc. has a one year low of $14.15 and a one year high of $19.52.
Evertec (NYSE:EVTC) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $103.51 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.43 earnings per share. Equities research analysts predict that Evertec, Inc. will post $1.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 7th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 3rd. Evertec’s dividend payout ratio is presently 37.74%.
Several brokerages recently issued reports on EVTC. BidaskClub raised Evertec from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. ValuEngine lowered Evertec from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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