Swiss National Bank Sells 4,900 Shares of EVERTEC, Inc. (NYSE:EVTC)

Swiss National Bank trimmed its position in EVERTEC, Inc. (NYSE:EVTC) by 3.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 134,674 shares of the business services provider’s stock after selling 4,900 shares during the quarter. Swiss National Bank’s holdings in EVERTEC were worth $5,879,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EVTC. Boston Partners increased its holdings in shares of EVERTEC by 18.3% in the first quarter. Boston Partners now owns 4,442,094 shares of the business services provider’s stock worth $165,527,000 after purchasing an additional 687,461 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in EVERTEC by 12.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,460,360 shares of the business services provider’s stock worth $128,795,000 after acquiring an additional 378,979 shares in the last quarter. Capital International Investors grew its position in EVERTEC by 31.2% in the first quarter. Capital International Investors now owns 1,421,072 shares of the business services provider’s stock worth $52,892,000 after acquiring an additional 338,229 shares in the last quarter. BlackRock Inc. grew its position in EVERTEC by 3.7% in the first quarter. BlackRock Inc. now owns 9,419,500 shares of the business services provider’s stock worth $350,594,000 after acquiring an additional 334,106 shares in the last quarter. Finally, Royce & Associates LP grew its position in EVERTEC by 166.1% in the first quarter. Royce & Associates LP now owns 518,213 shares of the business services provider’s stock worth $19,288,000 after acquiring an additional 323,468 shares in the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EVTC opened at $45.95 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market capitalization of $3.31 billion, a PE ratio of 22.09 and a beta of 0.99. The business has a 50 day simple moving average of $45.04 and a two-hundred day simple moving average of $42.51. EVERTEC, Inc. has a 1 year low of $32.79 and a 1 year high of $46.92.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 3rd. The business services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. The company had revenue of $149.15 million during the quarter, compared to the consensus estimate of $139.58 million. EVERTEC had a net margin of 27.07% and a return on equity of 51.31%. Equities research analysts expect that EVERTEC, Inc. will post 2.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Monday, August 2nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, July 30th. EVERTEC’s payout ratio is presently 10.42%.

EVTC has been the subject of several recent research reports. Zacks Investment Research upgraded EVERTEC from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Friday, August 6th. Raymond James lifted their price target on EVERTEC from $50.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Finally, Morgan Stanley lifted their price target on EVERTEC from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, EVERTEC currently has a consensus rating of “Buy” and a consensus target price of $46.00.

In other news, EVP Luis A. Rodriguez-Gonzalez sold 14,517 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $45.36, for a total transaction of $658,491.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

EVERTEC Company Profile

EVERTEC, Inc engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, and Business Solutions. The Payment Services segment involves in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring.

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Institutional Ownership by Quarter for EVERTEC (NYSE:EVTC)

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