EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,060 shares of the business services provider’s stock after selling 2,147 shares during the quarter. Atria Investments Inc’s holdings in EVERTEC were worth $375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVTC. Opal Wealth Advisors LLC acquired a new position in EVERTEC during the 2nd quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its stake in EVERTEC by 866.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock worth $81,000 after purchasing an additional 2,175 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in EVERTEC by 90.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider’s stock worth $104,000 after purchasing an additional 1,490 shares in the last quarter. nVerses Capital LLC grew its stake in EVERTEC by 68.4% during the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,300 shares in the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of EVERTEC by 48.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,761 shares of the business services provider’s stock worth $110,000 after acquiring an additional 907 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

EVERTEC Trading Up 3.6 %

NYSE:EVTC opened at $36.11 on Friday. The stock has a market cap of $2.30 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $42.21. The stock has a 50-day simple moving average of $33.64 and a 200-day simple moving average of $33.86.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $211.51 million. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, analysts anticipate that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The company 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. The ex-dividend date is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. EVERTEC’s dividend payout ratio (DPR) is presently 15.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and lowered their price objective for the stock from $38.00 to $28.00 in a research report on Thursday, September 5th. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $33.00 to $35.00 in a research report on Thursday.

Insider Activity at EVERTEC

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at $4,431,844.08. This represents a 23.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.83% of the company’s stock.

EVERTEC Profile

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.