Swiss National Bank held its position in shares of Evertec Inc. (NYSE:EVTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,174 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.14% of Evertec worth $1,650,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of EVTC. Legal & General Group Plc raised its position 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Evertec by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 287,345 shares of the company’s stock worth $4,465,000 after buying an additional 4,219 shares in the last quarter. Teachers Advisors Inc. raised its position 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position 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 in the last quarter. 80.69% of the stock is currently owned by institutional investors.
Shares of Evertec Inc. (NYSE:EVTC) traded down 2.21% on Friday, hitting $16.79. The company had a trading volume of 155,240 shares. The company has a 50 day moving average of $16.98 and a 200-day moving average of $15.32. Evertec Inc. has a 12-month low of $11.27 and a 12-month high of $19.66. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 14.66 and a beta of 1.12.
Evertec (NYSE:EVTC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The firm 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts forecast that Evertec Inc. will post $1.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Tuesday, August 9th were given a $0.10 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.40 annualized dividend and a yield of 2.38%. Evertec’s dividend payout ratio (DPR) is 40.40%.
A number of brokerages have weighed in on EVTC. Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Compass Point increased their price target on Evertec from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG increased their price target on Evertec from $15.00 to $18.00 and gave the stock a “hold” 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. Evertec has a consensus rating of “Hold” and an average price target 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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