Evertec, Inc. (EVTC) Shares Bought by Bank of America Corp DE
Bank of America Corp DE raised its position in Evertec, Inc. (NYSE:EVTC) by 338.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,830 shares of the business services provider’s stock after buying an additional 81,688 shares during the period. Bank of America Corp DE owned approximately 0.15% of Evertec worth $1,682,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of EVTC. Vanguard Group Inc. increased its stake in shares of Evertec by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,079,500 shares of the business services provider’s stock valued at $80,764,000 after buying an additional 215,429 shares during the period. Rivulet Capital LLC boosted its position in Evertec by 1.5% in the first quarter. Rivulet Capital LLC now owns 2,922,805 shares of the business services provider’s stock valued at $46,473,000 after buying an additional 42,900 shares during the period. Renaissance Technologies LLC boosted its position in Evertec by 6.5% in the first quarter. Renaissance Technologies LLC now owns 2,907,700 shares of the business services provider’s stock valued at $46,232,000 after buying an additional 178,700 shares during the period. American Century Companies Inc. boosted its position in Evertec by 11.3% in the first quarter. American Century Companies Inc. now owns 2,106,481 shares of the business services provider’s stock valued at $33,493,000 after buying an additional 213,337 shares during the period. Finally, Teachers Advisors LLC boosted its position in Evertec by 525.8% in the fourth quarter. Teachers Advisors LLC now owns 948,851 shares of the business services provider’s stock valued at $16,842,000 after buying an additional 797,226 shares during the period. 80.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Evertec, Inc. (EVTC) traded down 0.402% during trading on Tuesday, reaching $18.575. The company had a trading volume of 31,075 shares. Evertec, Inc. has a 12 month low of $14.15 and a 12 month high of $19.53. The stock has a 50 day moving average price of $17.66 and a 200 day moving average price of $16.79. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.376 and a beta of 1.25.
Evertec (NYSE:EVTC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The company had revenue of $103.51 million for the quarter, compared to analyst estimates of $100.21 million. During the same quarter last year, the firm earned $0.43 EPS. Evertec’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Evertec, Inc. will post $1.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, August 3rd. Evertec’s payout ratio is presently 37.74%.
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Several equities analysts have recently commented on the company. BidaskClub upgraded Evertec from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Evertec from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine cut Evertec from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Evertec has an average rating of “Hold” and a consensus target price of $19.00.
EVERTEC, Inc is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually.
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