Evertec, Inc. $EVTC Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Evertec, Inc. (NYSE:EVTC) by 443.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,505 shares of the business services provider’s stock after buying an additional 34,690 shares during the quarter. SG Americas Securities LLC’s holdings in Evertec were worth $1,236,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EVTC. Richardson Financial Services Inc. grew its stake in shares of Evertec by 132.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after buying an additional 435 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Evertec in the 3rd quarter valued at approximately $52,000. Advisory Services Network LLC bought a new stake in shares of Evertec in the 3rd quarter valued at approximately $59,000. Parkside Financial Bank & Trust grew its stake in shares of Evertec by 34.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after buying an additional 464 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Evertec by 40.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock valued at $62,000 after buying an additional 517 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EVTC shares. Zacks Research cut Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evertec presently has a consensus rating of “Hold” and a consensus target price of $35.80.

Evertec Stock Performance

Shares of NYSE EVTC opened at $27.92 on Wednesday. The business has a fifty day simple moving average of $27.89 and a 200 day simple moving average of $29.25. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.07 and a beta of 0.84. Evertec, Inc. has a one year low of $24.95 and a one year high of $38.56.

Evertec (NYSE:EVTC) last issued its earnings results on Tuesday, March 3rd. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Evertec had a return on equity of 33.27% and a net margin of 15.19%.The business had revenue of $244.83 million during the quarter, compared to analyst estimates of $236.83 million. During the same period in the prior year, the company posted $0.87 earnings per share. Evertec’s revenue was up 13.1% on a year-over-year basis. Sell-side analysts expect that Evertec, Inc. will post 2.63 EPS for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, March 2nd. Evertec’s dividend payout ratio is 9.13%.

Evertec Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.