170,593 Shares in EVERTEC, Inc. (NYSE:EVTC) Bought by F M Investments LLC

F M Investments LLC bought a new stake in EVERTEC, Inc. (NYSE:EVTC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 170,593 shares of the business services provider’s stock, valued at approximately $5,672,000. F M Investments LLC owned about 0.26% of EVERTEC as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in EVERTEC by 386.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,296,315 shares of the business services provider’s stock worth $53,071,000 after acquiring an additional 1,029,827 shares during the period. Norges Bank acquired a new position in EVERTEC during the 4th quarter valued at about $19,626,000. Sunriver Management LLC raised its position in shares of EVERTEC by 22.3% during the 4th quarter. Sunriver Management LLC now owns 827,458 shares of the business services provider’s stock worth $33,876,000 after buying an additional 150,935 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of EVERTEC by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,453,242 shares of the business services provider’s stock worth $305,136,000 after acquiring an additional 68,871 shares during the period. Finally, Invenomic Capital Management LP acquired a new stake in shares of EVERTEC in the 1st quarter worth approximately $2,407,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Buying and Selling

In related news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the completion of the sale, the executive vice president now owns 39,370 shares in the company, valued at approximately $1,381,887. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.83% of the company’s stock.

EVERTEC Trading Up 0.3 %

Shares of EVERTEC stock traded up $0.10 on Friday, reaching $34.25. 405,927 shares of the company were exchanged, compared to its average volume of 394,094. The company has a current ratio of 1.82, a quick ratio of 1.59 and a debt-to-equity ratio of 1.92. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $42.21. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.02 and a beta of 1.13. The stock has a fifty day moving average price of $33.35 and a 200-day moving average price of $35.97.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.73 earnings per share 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%. On average, analysts expect that EVERTEC, Inc. will post 2.38 EPS for the current year.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Monday, July 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. EVERTEC’s payout ratio is presently 20.20%.

Wall Street Analyst Weigh In

EVTC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on EVERTEC from $47.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Susquehanna decreased their target price on EVERTEC from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EVERTEC has a consensus rating of “Hold” and an average price target of $37.67.

EVERTEC Company Profile

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.