GSA Capital Partners LLP raised its stake in shares of Evertec Inc (NYSE:EVTC) by 126.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 63,446 shares of the business services provider’s stock after purchasing an additional 35,397 shares during the quarter. GSA Capital Partners LLP owned 0.09% of Evertec worth $1,529,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of EVTC. Harvest Fund Management Co. Ltd increased its stake in Evertec by 392.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 6,238 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 4,971 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Evertec by 64.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,117 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 2,782 shares during the period. First Hawaiian Bank bought a new stake in Evertec in the third quarter valued at about $191,000. United Services Automobile Association bought a new stake in Evertec in the second quarter valued at about $207,000. Finally, Amalgamated Bank bought a new stake in Evertec in the second quarter valued at about $213,000. Institutional investors own 79.64% of the company’s stock.

In other Evertec news, insider Miguel Vizcarrondo sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $24.31, for a total value of $486,200.00. Following the transaction, the insider now directly owns 195,887 shares in the company, valued at $4,762,012.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Diana I. Rivera-Ramirez sold 1,500 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $23.55, for a total transaction of $35,325.00. Following the completion of the transaction, the insider now owns 24,915 shares in the company, valued at $586,748.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,500 shares of company stock worth $803,285. Company insiders own 0.76% of the company’s stock.

A number of analysts recently weighed in on EVTC shares. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, November 2nd. Keefe, Bruyette & Woods started coverage on shares of Evertec in a research note on Thursday. They issued an “outperform” rating on the stock. Finally, Raymond James upped their target price on shares of Evertec from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, November 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.29.

NYSE:EVTC opened at $26.80 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03. Evertec Inc has a 12 month low of $12.88 and a 12 month high of $29.70. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 2.52.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, October 30th. The business services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The firm had revenue of $112.02 million for the quarter, compared to analyst estimates of $108.94 million. Evertec had a net margin of 16.52% and a return on equity of 62.09%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Research analysts predict that Evertec Inc will post 1.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 5th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. Evertec’s dividend payout ratio (DPR) is presently 13.61%.

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About Evertec

EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.

Further Reading: Bond

Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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