Hsbc Holdings PLC acquired a new position in shares of Evertec Inc (NYSE:EVTC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 136,324 shares of the business services provider’s stock, valued at approximately $3,912,000. Hsbc Holdings PLC owned 0.19% of Evertec as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Nkcfo LLC bought a new stake in shares of Evertec during the 4th quarter worth $29,000. Quantamental Technologies LLC bought a new stake in Evertec in the 4th quarter valued at about $46,000. Massey Quick Simon & CO. LLC raised its stake in Evertec by 20.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 3,226 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 537 shares during the period. Penserra Capital Management LLC bought a new stake in Evertec in the 4th quarter valued at about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Evertec by 19.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,169 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 665 shares during the period. 78.88% of the stock is owned by institutional investors.
In other news, insider Diana I. Rivera-Ramirez sold 3,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $27.10, for a total transaction of $81,300.00. Following the completion of the transaction, the insider now owns 25,637 shares of the company’s stock, valued at $694,762.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank G. D’angelo sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $28.20, for a total value of $282,000.00. Following the transaction, the director now directly owns 34,798 shares of the company’s stock, valued at approximately $981,303.60. The disclosure for this sale can be found here. Insiders have sold a total of 194,621 shares of company stock valued at $5,252,105 in the last ninety days. Insiders own 0.76% of the company’s stock.
EVTC stock opened at $28.61 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.43. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 16.83 and a beta of 0.67. Evertec Inc has a twelve month low of $15.85 and a twelve month high of $31.10.
Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, February 20th. The business services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $118.20 million during the quarter, compared to analyst estimates of $114.72 million. Evertec had a return on equity of 64.03% and a net margin of 19.01%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Sell-side analysts expect that Evertec Inc will post 1.71 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Tuesday, February 26th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, February 25th. Evertec’s payout ratio is presently 11.76%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Keefe, Bruyette & Woods began coverage on Evertec in a report on Thursday, December 6th. They set an “outperform” rating and a $32.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.00.
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EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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