Tudor Investment Corp ET AL Has $1.97 Million Holdings in Evertec, Inc. $EVTC

Tudor Investment Corp ET AL trimmed its holdings in Evertec, Inc. (NYSE:EVTC) by 53.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,353 shares of the business services provider’s stock after selling 68,275 shares during the quarter. Tudor Investment Corp ET AL owned 0.09% of Evertec worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EVTC. CIBC Bancorp USA Inc. bought a new stake in shares of Evertec in the third quarter valued at about $232,000. Advisory Services Network LLC bought a new position in Evertec during the third quarter valued at about $59,000. CANADA LIFE ASSURANCE Co increased its stake in Evertec by 2.1% during the third quarter. CANADA LIFE ASSURANCE Co now owns 70,394 shares of the business services provider’s stock valued at $2,422,000 after acquiring an additional 1,440 shares during the period. Dark Forest Capital Management LP acquired a new position in Evertec in the 3rd quarter valued at approximately $540,000. Finally, Verition Fund Management LLC acquired a new position in Evertec in the 3rd quarter valued at approximately $780,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Stock Performance

NYSE EVTC opened at $27.28 on Friday. Evertec, Inc. has a 1-year low of $24.95 and a 1-year high of $38.56. The company has a 50 day moving average of $28.10 and a 200-day moving average of $29.56. 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 cap of $1.68 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.04 and a beta of 0.85.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, March 3rd. The business services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $244.83 million for the quarter, compared to the consensus estimate of $236.83 million. Evertec had a return on equity of 33.27% and a net margin of 15.19%.Evertec’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. On average, equities analysts forecast that Evertec, Inc. will post 2.63 earnings per share for the current fiscal year.

Evertec Announces Dividend

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

Analyst Upgrades and Downgrades

EVTC has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a report on Monday, December 29th. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Evertec currently has an average rating of “Hold” and a consensus target price of $35.80.

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.