Bank of New York Mellon Corp increased its stake in shares of Evertec Inc. (NYSE:EVTC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,345 shares of the company’s stock after buying an additional 4,219 shares during the period. Bank of New York Mellon Corp owned about 0.39% of Evertec worth $4,465,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in EVTC. Legal & General Group Plc raised its stake in shares of Evertec by 5.9% in the first quarter. Legal & General Group Plc now owns 14,421 shares of the company’s stock worth $201,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Evertec by 6.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,630 shares of the company’s stock worth $316,000 after buying an additional 1,330 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Evertec by 4.7% in the first quarter. Teachers Advisors Inc. now owns 104,801 shares of the company’s stock worth $1,465,000 after buying an additional 4,742 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Evertec by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,683,066 shares of the company’s stock worth $23,529,000 after buying an additional 6,464 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Evertec during the first quarter worth $157,000. Institutional investors and hedge funds own 80.69% of the company’s stock.
Evertec Inc. (NYSE:EVTC) traded down 0.83% during trading on Monday, reaching $16.65. The company’s stock had a trading volume of 191,550 shares. The stock has a 50 day moving average price of $16.98 and a 200 day moving average price of $15.32. Evertec Inc. has a 1-year low of $11.27 and a 1-year high of $19.66. The stock has a market capitalization of $1.24 billion, a PE ratio of 14.54 and a beta of 1.12.
Evertec (NYSE:EVTC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Evertec had a return on equity of 118.58% and a net margin of 19.59%. The business had revenue of $97.70 million for the quarter, compared to analyst estimates of $93.40 million. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts anticipate that Evertec Inc. will post $1.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Tuesday, August 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, August 5th. Evertec’s dividend payout ratio (DPR) is presently 40.40%.
EVTC has been the topic of several analyst reports. Compass Point lifted their target price on shares of Evertec from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG lifted their target price on shares of Evertec from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Evertec presently has a consensus rating of “Hold” and an average target price of $17.40.
EVERTEC, Inc is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants, debit network fees and rental fees from point-of-sale (POS) devices and other equipment, net of credit card interchange and assessment fees.
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