Thompson Siegel & Walmsley LLC Raises Holdings in Evertec, Inc. (EVTC)
Thompson Siegel & Walmsley LLC raised its position in Evertec, Inc. (NYSE:EVTC) by 23.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,542 shares of the business services provider’s stock after buying an additional 193,908 shares during the quarter. Thompson Siegel & Walmsley LLC owned 1.39% of Evertec worth $17,430,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Evertec by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 5,079,500 shares of the business services provider’s stock valued at $80,764,000 after acquiring an additional 215,429 shares during the period. Rivulet Capital LLC lifted its position in shares of Evertec by 1.5% during the 1st quarter. Rivulet Capital LLC now owns 2,922,805 shares of the business services provider’s stock valued at $46,473,000 after acquiring an additional 42,900 shares during the period. Renaissance Technologies LLC lifted its position in shares of Evertec by 6.5% during the 1st quarter. Renaissance Technologies LLC now owns 2,907,700 shares of the business services provider’s stock valued at $46,232,000 after acquiring an additional 178,700 shares during the period. American Century Companies Inc. lifted its position in shares of Evertec by 11.3% during the 1st quarter. American Century Companies Inc. now owns 2,106,481 shares of the business services provider’s stock valued at $33,493,000 after acquiring an additional 213,337 shares during the period. Finally, Denver Investment Advisors LLC lifted its position in shares of Evertec by 75.8% during the 2nd quarter. Denver Investment Advisors LLC now owns 1,264,674 shares of the business services provider’s stock valued at $21,879,000 after acquiring an additional 545,463 shares during the period. 77.96% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on EVTC. Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, August 3rd. BidaskClub upgraded Evertec from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine downgraded Evertec from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.00.
Shares of Evertec, Inc. (NYSE EVTC) opened at 18.50 on Monday. The company has a market capitalization of $1.34 billion, a P/E ratio of 17.31 and a beta of 1.24. Evertec, Inc. has a 52-week low of $14.15 and a 52-week high of $19.52. The stock’s 50 day moving average price is $18.21 and its 200-day moving average price is $16.95.
Evertec (NYSE:EVTC) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $103.51 million during the quarter, compared to analysts’ expectations of $100.21 million. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities analysts expect that Evertec, Inc. will post $1.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 7th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, August 3rd. Evertec’s dividend payout ratio (DPR) is presently 37.74%.
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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