1 week Ago By ABMN Staff
Great Lakes Advisors LLC reduced its stake in shares of EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 159,503 shares of the business services provider’s stock after selling 8,774 shares during the quarter. Great Lakes Advisors LLC’s holdings in EVERTEC were worth $5,303,000 at the end of the most recent reporting period. Several other institutional investors also recently modified their holdings of EVTC.
Russell Investments Group Ltd. grew its position in shares of EVERTEC by 31.7% in the 4th quarter.
Russell Investments Group Ltd. now owns 34,840 shares of the business services provider’s stock valued at $1,426,000 after purchasing an additional 8,380 shares during the period. Benjamin F.
Edwards & Company Inc. bought a new stake in shares of EVERTEC during the 4th quarter worth approximately $31,000. Charles Schwab Investment Management Inc.
raised its stake in shares of EVERTEC by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 709,451 shares of the business services provider’s stock worth $29,045,000 after purchasing an additional 21,304 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of EVERTEC during the 4th quarter worth approximately $36,000.
Finally, Dimensional Fund Advisors LP raised its stake in shares of EVERTEC by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,668,011 shares of the business services provider’s stock worth $68,289,000 after purchasing an additional 12,575 shares in the last quarter.
96.80% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities research analysts recently weighed in on EVTC shares.
Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and dropped their price target for the company from $38.00 to $28.00 in a research note on Thursday.
Keefe, Bruyette & Woods dropped their price target on EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th.
Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, EVERTEC currently has an average rating of “Hold” and an average target price of $34.33.
Insider Buying and Selling at EVERTEC In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.
00. Following the transaction, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at approximately $4,431,844.08.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.
11, for a total value of $1,364,400.00. Following the transaction, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at approximately $4,431,844.
08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP Luis A.
Rodriguez-Gonzalez sold 36,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total value of $1,263,600.
00. Following the completion of the transaction, the executive vice president now directly owns 39,370 shares in the company, valued at $1,381,887. The disclosure for this sale can be found here .
Insiders own 0.83% of the company’s stock. EVERTEC Stock Down 0.
9 % EVTC opened at $31.65 on Monday. EVERTEC, Inc.
has a 1-year low of $28.76 and a 1-year high of $42.21.
The stock’s fifty day simple moving average is $33.32 and its 200 day simple moving average is $35.55.
The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.
92. The stock has a market cap of $2.04 billion, a PE ratio of 31.
97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15.
EVERTEC ( NYSE:EVTC – Get Free Report ) last issued its quarterly earnings data 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. EVERTEC had a return on equity of 32.
08% and a net margin of 8.84%. As a group, research analysts expect that EVERTEC, Inc.
will post 2.53 earnings per share for the current year. EVERTEC Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th.
Shareholders of record on Monday, July 29th were issued a $0.05 dividend. This represents a $0.
20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, July 29th.
EVERTEC’s dividend payout ratio is 20.20%. About EVERTEC ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding EVTC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for EVERTEC, Inc. ( NYSE:EVTC – Free Report ). Receive News & Ratings for EVERTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVERTEC and related companies with MarketBeat.
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