GSA Capital Partners LLP acquired a new stake in shares of Evertec Inc. (NYSE:EVTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,626 shares of the company’s stock, valued at approximately $289,000.
Other institutional investors have also made changes to their positions in the company. Pacad Investment Ltd. acquired a new position in shares of Evertec during the first quarter valued at $157,000. Legal & General Group Plc increased 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 valued at $201,000 after buying an additional 800 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased 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 valued at $316,000 after buying an additional 1,330 shares during the last quarter. Lucus Advisors LLC purchased a new stake in shares of Evertec during the second quarter valued at approximately $347,000. Finally, Stoneridge Investment Partners LLC increased its stake in shares of Evertec by 167.1% in the second quarter. Stoneridge Investment Partners LLC now owns 76,144 shares of the company’s stock valued at $1,183,000 after buying an additional 47,634 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Shares of Evertec Inc. (NYSE:EVTC) traded up 0.06% during midday trading on Wednesday, hitting $16.74. 79,157 shares of the stock traded hands. Evertec Inc. has a 52 week low of $11.27 and a 52 week high of $19.66. The stock has a market capitalization of $1.25 billion, a P/E ratio of 14.62 and a beta of 1.12. The firm has a 50-day moving average price of $16.94 and a 200-day moving average price of $15.39.
Evertec (NYSE:EVTC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $97.70 million for the quarter, compared to analyst estimates of $93.40 million. Evertec had a net margin of 19.59% and a return on equity of 118.58%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. On average, equities analysts predict that Evertec Inc. will post $1.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Tuesday, August 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 5th. This represents a $0.40 annualized dividend and a yield of 2.39%. Evertec’s dividend payout ratio is presently 40.40%.
Several brokerages have commented on EVTC. Zacks Investment Research downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG upped their target price on shares of Evertec from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Finally, Compass Point upped their target price on shares of Evertec from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently 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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