Evertec, Inc. $EVTC Shares Bought by Willis Investment Counsel

Willis Investment Counsel grew its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 42.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,430 shares of the business services provider’s stock after purchasing an additional 26,874 shares during the period. Willis Investment Counsel’s holdings in Evertec were worth $2,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in Evertec by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after purchasing an additional 335,639 shares during the period. Millennium Management LLC increased its position in Evertec by 731.6% during the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after purchasing an additional 603,753 shares during the period. Boston Partners increased its position in Evertec by 45.0% during the 3rd quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock worth $17,656,000 after purchasing an additional 163,398 shares during the period. Clifford Capital Partners LLC increased its position in Evertec by 0.3% during the 3rd quarter. Clifford Capital Partners LLC now owns 436,707 shares of the business services provider’s stock worth $14,752,000 after purchasing an additional 1,276 shares during the period. Finally, Clark Capital Management Group Inc. increased its position in Evertec by 44.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 362,723 shares of the business services provider’s stock worth $12,253,000 after purchasing an additional 111,322 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on EVTC shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $35.80.

Evertec Stock Up 2.0%

Shares of NYSE EVTC opened at $28.49 on Thursday. Evertec, Inc. has a 12-month low of $24.95 and a 12-month high of $38.56. The company has a market capitalization of $1.76 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s 50-day moving average is $27.88 and its two-hundred day moving average is $29.25.

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

Evertec Dividend Announcement

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

About Evertec

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.