Natixis Advisors LLC Increases Position in EVERTEC, Inc. (NYSE:EVTC)

Natixis Advisors LLC lifted its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 9.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,608 shares of the business services provider’s stock after acquiring an additional 52,586 shares during the quarter. Natixis Advisors LLC owned 0.91% of EVERTEC worth $19,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its stake in shares of EVERTEC by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 101,793 shares of the business services provider’s stock worth $3,450,000 after purchasing an additional 13,738 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of EVERTEC by 11.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,070 shares of the business services provider’s stock valued at $2,002,000 after acquiring an additional 6,038 shares during the period. River Road Asset Management LLC raised its stake in shares of EVERTEC by 0.3% in the 3rd quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider’s stock valued at $66,649,000 after acquiring an additional 5,899 shares during the period. F M Investments LLC raised its stake in shares of EVERTEC by 12.7% in the 3rd quarter. F M Investments LLC now owns 192,273 shares of the business services provider’s stock valued at $6,516,000 after acquiring an additional 21,680 shares during the period. Finally, Smith Group Asset Management LLC raised its stake in shares of EVERTEC by 23.8% in the 3rd quarter. Smith Group Asset Management LLC now owns 11,012 shares of the business services provider’s stock valued at $373,000 after acquiring an additional 2,114 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna lowered shares of EVERTEC from a “neutral” rating to a “negative” rating and reduced their target price for the company from $38.00 to $28.00 in a research note on Thursday, September 5th.

EVERTEC Price Performance

NYSE:EVTC opened at $35.68 on Wednesday. The company has a 50-day moving average of $33.60 and a 200-day moving average of $33.85. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 1.58 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.

EVERTEC (NYSE:EVTC) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The firm had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $211.51 million. During the same quarter last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, October 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Monday, October 28th. EVERTEC’s payout ratio is currently 15.63%.

Insider Buying and Selling at EVERTEC

In related news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $34.11, for a total value of $1,364,400.00. Following the transaction, the executive vice president now directly owns 129,928 shares in the company, valued at approximately $4,431,844.08. This represents a 23.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

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.