EVERTEC, Inc. (NYSE:EVTC) Shares Purchased by F M Investments LLC

F M Investments LLC increased its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 12.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 192,273 shares of the business services provider’s stock after acquiring an additional 21,680 shares during the period. F M Investments LLC owned approximately 0.30% of EVERTEC worth $6,516,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in EVERTEC in the 2nd quarter worth about $28,000. Northwestern Mutual Wealth Management Co. boosted its holdings in EVERTEC by 866.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock worth $81,000 after buying an additional 2,175 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in EVERTEC by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,761 shares of the business services provider’s stock worth $110,000 after buying an additional 907 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in EVERTEC by 90.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider’s stock worth $104,000 after buying an additional 1,490 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in EVERTEC by 68.4% in the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock worth $106,000 after buying an additional 1,300 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVTC has been the topic of several research analyst reports. Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and lowered their price objective for the stock from $38.00 to $28.00 in a report on Thursday, September 5th. Keefe, Bruyette & Woods decreased their target price on shares of EVERTEC from $47.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th.

EVERTEC Trading Down 0.2 %

EVTC opened at $32.68 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.82 and a quick ratio of 1.82. The company’s 50 day simple moving average is $33.26 and its two-hundred day simple moving average is $34.15. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $42.21. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

EVERTEC (NYSE:EVTC) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.19. EVERTEC had a net margin of 8.84% and a return on equity of 32.08%. The business had revenue of $211.98 million for the quarter, compared to analyst estimates of $209.40 million. Analysts expect that EVERTEC, Inc. will post 2.53 EPS for the current fiscal year.

EVERTEC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, October 28th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, October 28th. EVERTEC’s payout ratio is presently 19.05%.

Insider Activity

In other news, EVP Miguel Vizcarrondo sold 40,000 shares of EVERTEC stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the sale, the executive vice president now owns 129,928 shares of the company’s stock, valued at approximately $4,431,844.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

About EVERTEC

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.