SG Americas Securities LLC Buys 2,790 Shares of EVERTEC, Inc. (NYSE:EVTC)

SG Americas Securities LLC grew its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,269 shares of the business services provider’s stock after acquiring an additional 2,790 shares during the period. SG Americas Securities LLC’s holdings in EVERTEC were worth $1,045,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of EVERTEC by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 35,084 shares of the business services provider’s stock worth $1,191,000 after buying an additional 381 shares during the last quarter. nVerses Capital LLC boosted its stake in EVERTEC by 12.5% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in EVERTEC in the third quarter worth $28,000. The Manufacturers Life Insurance Company grew its holdings in EVERTEC by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 31,625 shares of the business services provider’s stock worth $1,052,000 after purchasing an additional 882 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of EVERTEC by 13.2% during the third quarter. XTX Topco Ltd now owns 11,515 shares of the business services provider’s stock worth $390,000 after purchasing an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insider Activity

In other EVERTEC news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.08, for a total value of $1,748,184.24. Following the completion of the sale, the chief financial officer now directly owns 54,998 shares of the company’s stock, valued at $1,984,327.84. This trade represents a 46.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Miguel Vizcarrondo sold 8,123 shares of EVERTEC stock in a transaction on Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the transaction, the executive vice president now owns 113,915 shares in the company, valued at approximately $3,883,362.35. This represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,308 shares of company stock worth $2,440,112 over the last three months. Insiders own 0.83% of the company’s stock.

EVERTEC Stock Down 0.9 %

EVTC opened at $32.52 on Wednesday. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a 50-day moving average price of $34.33 and a 200 day moving average price of $33.83. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The company has a market cap of $2.07 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. Sell-side analysts expect that EVERTEC, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $33.00 to $35.00 in a report on Thursday, November 21st. William Blair restated an “outperform” rating on shares of EVERTEC in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.