UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.36 Million Holdings in EVERTEC, Inc. (NYSE:EVTC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,750 shares of the business services provider’s stock after selling 5,586 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of EVERTEC worth $6,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVTC. Louisiana State Employees Retirement System increased its holdings in EVERTEC by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider’s stock valued at $1,077,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in EVERTEC by 21.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,468 shares of the business services provider’s stock valued at $548,000 after purchasing an additional 2,924 shares in the last quarter. F M Investments LLC acquired a new stake in EVERTEC during the 2nd quarter valued at $5,672,000. nVerses Capital LLC increased its holdings in EVERTEC by 68.4% during the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in EVERTEC by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider’s stock valued at $2,928,000 after purchasing an additional 17,475 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

EVERTEC Stock Up 0.0 %

NYSE EVTC opened at $35.67 on Wednesday. The stock has a fifty day moving average of $34.28 and a 200-day moving average of $33.74. The stock has a market capitalization of $2.27 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21. 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 (NYSE:EVTC) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business had revenue of $211.80 million for the quarter, compared to analyst estimates of $211.51 million. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 22.3% on a year-over-year basis. On average, equities research analysts forecast that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, October 28th were given a $0.05 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. EVERTEC’s dividend payout ratio is currently 15.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EVTC shares. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and lowered their target price for the company from $38.00 to $28.00 in a research note on Thursday, September 5th.

Insider Transactions at EVERTEC

In other EVERTEC news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the transaction, the chief financial officer now directly owns 54,998 shares in the company, valued at approximately $1,984,327.84. The trade was a 46.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Brignardello sold 3,842 shares of EVERTEC stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the transaction, the executive vice president now owns 32,481 shares in the company, valued at approximately $1,169,316. This represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

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.