KBC Group NV Boosts Holdings in EVERTEC, Inc. (NYSE:EVTC)

KBC Group NV grew its position in EVERTEC, Inc. (NYSE:EVTC) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,188 shares of the business services provider’s stock after purchasing an additional 823 shares during the quarter. KBC Group NV’s holdings in EVERTEC were worth $110,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in EVERTEC by 36.6% during the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock worth $308,882,000 after buying an additional 2,440,680 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in EVERTEC by 27.5% in the third quarter. DF Dent & Co. Inc. now owns 455,454 shares of the business services provider’s stock worth $15,435,000 after acquiring an additional 98,341 shares in the last quarter. Barclays PLC grew its stake in shares of EVERTEC by 385.6% during the third quarter. Barclays PLC now owns 115,398 shares of the business services provider’s stock worth $3,910,000 after acquiring an additional 91,632 shares during the last quarter. Algert Global LLC increased its holdings in shares of EVERTEC by 1,285.8% during the third quarter. Algert Global LLC now owns 91,341 shares of the business services provider’s stock valued at $3,096,000 after acquiring an additional 84,750 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of EVERTEC by 9.9% in the 3rd quarter. Natixis Advisors LLC now owns 582,608 shares of the business services provider’s stock valued at $19,745,000 after purchasing an additional 52,586 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

EVERTEC Trading Up 0.6 %

EVERTEC stock opened at $32.90 on Friday. The stock has a 50-day moving average price of $33.85 and a 200 day moving average price of $33.76. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. Sell-side analysts anticipate that EVERTEC, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the completion of the transaction, the chief financial officer now directly owns 54,998 shares in the company, valued at $1,984,327.84. The trade was a 46.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel Brignardello sold 3,842 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total transaction of $138,312.00. Following the sale, the executive vice president now directly owns 32,481 shares in the company, valued at $1,169,316. This trade represents a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,308 shares of company stock valued at $2,440,112. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

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