Yousif Capital Management LLC Has $1.33 Million Position in EVERTEC, Inc. (NYSE:EVTC)

Yousif Capital Management LLC raised its stake in EVERTEC, Inc. (NYSE:EVTC) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,464 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Yousif Capital Management LLC owned 0.05% of EVERTEC worth $1,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in shares of EVERTEC in the 4th quarter valued at approximately $1,347,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of EVERTEC by 17.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the business services provider’s stock valued at $636,000 after purchasing an additional 2,316 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in EVERTEC by 73.1% in the third quarter. Envestnet Asset Management Inc. now owns 409,002 shares of the business services provider’s stock worth $15,207,000 after purchasing an additional 172,692 shares in the last quarter. Pathstone Family Office LLC increased its position in EVERTEC by 5.8% during the third quarter. Pathstone Family Office LLC now owns 319,935 shares of the business services provider’s stock worth $11,895,000 after buying an additional 17,467 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in EVERTEC by 50.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 92,800 shares of the business services provider’s stock worth $3,450,000 after buying an additional 31,300 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frank G. D’angelo sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $37.43, for a total transaction of $598,880.00. Following the transaction, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frank G. D’angelo sold 16,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $37.43, for a total transaction of $598,880.00. Following the transaction, the director now owns 10,380 shares of the company’s stock, valued at $388,523.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Morgan M. Schuessler sold 100,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the transaction, the chief executive officer now owns 347,941 shares in the company, valued at approximately $12,939,925.79. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com downgraded EVERTEC from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Morgan Stanley increased their price target on EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.33.

EVERTEC Trading Up 1.8 %

EVERTEC stock opened at $36.38 on Friday. EVERTEC, Inc. has a 52 week low of $31.56 and a 52 week high of $42.21. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $2.34 billion, a PE ratio of 36.75, a PEG ratio of 2.21 and a beta of 1.19. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $38.19.

EVERTEC (NYSE:EVTC) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $194.62 million for the quarter, compared to the consensus estimate of $179.86 million. EVERTEC had a return on equity of 29.24% and a net margin of 8.87%. Equities research analysts forecast that EVERTEC, Inc. will post 2.33 earnings per share for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, April 29th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, April 26th. This represents a $0.20 annualized dividend and a yield of 0.55%. EVERTEC’s dividend payout ratio (DPR) is 20.20%.

EVERTEC 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.