Public Sector Pension Investment Board Has $4.60 Million Stock Position in EVERTEC, Inc. (NYSE:EVTC)

Public Sector Pension Investment Board cut its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,710 shares of the business services provider’s stock after selling 6,000 shares during the period. Public Sector Pension Investment Board owned about 0.21% of EVERTEC worth $4,599,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EVTC. Bank of Montreal Can increased its holdings in EVERTEC by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 35,084 shares of the business services provider’s stock worth $1,191,000 after purchasing an additional 381 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of EVERTEC by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider’s stock valued at $1,077,000 after buying an additional 400 shares during the period. nVerses Capital LLC raised its holdings in EVERTEC by 12.5% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the business services provider’s stock valued at $122,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System boosted its position in EVERTEC by 3.2% during the 2nd quarter. Arizona State Retirement System now owns 18,323 shares of the business services provider’s stock worth $609,000 after buying an additional 561 shares during the period. Finally, Blair William & Co. IL boosted its position in EVERTEC by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 31,918 shares of the business services provider’s stock worth $1,061,000 after buying an additional 679 shares during the period. 96.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several analyst reports. Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. Susquehanna lowered EVERTEC from a “neutral” rating to a “negative” rating and lowered their target price for the stock from $38.00 to $28.00 in a research report on Thursday, September 5th.

EVERTEC Stock Up 0.4 %

EVERTEC stock opened at $36.00 on Monday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.64 and a beta of 1.15. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $42.21. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50 day moving average price of $33.99 and a two-hundred day moving average price of $33.77.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $211.80 million during the quarter, compared to the consensus estimate of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. Equities analysts predict that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, October 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. EVERTEC’s payout ratio is 15.63%.

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.