EVERTEC, Inc. (NYSE:EVTC) Shares Purchased by nVerses Capital LLC

nVerses Capital LLC boosted its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the business services provider’s stock after buying an additional 400 shares during the quarter. nVerses Capital LLC’s holdings in EVERTEC were worth $122,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EVTC. Edgestream Partners L.P. acquired a new stake in EVERTEC during the 2nd quarter worth approximately $8,143,000. American Century Companies Inc. lifted its holdings in EVERTEC by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 4,370,476 shares of the business services provider’s stock worth $145,318,000 after buying an additional 208,183 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in EVERTEC by 9.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider’s stock worth $76,421,000 after buying an additional 189,637 shares in the last quarter. F M Investments LLC acquired a new stake in EVERTEC during the 2nd quarter worth approximately $5,672,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in EVERTEC during the 2nd quarter worth approximately $2,762,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EVERTEC

In other EVERTEC news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the transaction, the executive vice president now directly owns 39,370 shares of the company’s stock, valued at approximately $1,381,887. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other EVERTEC news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the transaction, the executive vice president now directly owns 39,370 shares of the company’s stock, valued at approximately $1,381,887. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Miguel Vizcarrondo sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the transaction, the executive vice president now directly owns 129,928 shares in the company, valued at $4,431,844.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Analyst Upgrades and Downgrades

EVTC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Susquehanna downgraded shares of EVERTEC from a “neutral” rating to a “negative” rating and dropped their price objective for the company from $38.00 to $28.00 in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.33.

EVERTEC Trading Down 0.5 %

NYSE EVTC opened at $33.28 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s fifty day moving average price is $33.31 and its 200 day moving average price is $34.49. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month high of $42.21.

EVERTEC (NYSE:EVTC) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. The firm had revenue of $211.98 million for the quarter, compared to the consensus estimate of $209.40 million. EVERTEC had a net margin of 8.84% and a return on equity of 32.08%. On average, sell-side analysts expect that EVERTEC, Inc. will post 2.53 earnings per share for the current fiscal year.

EVERTEC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, October 28th. EVERTEC’s dividend payout ratio (DPR) is 20.20%.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.