Aptus Capital Advisors LLC Grows Position in EVERTEC, Inc. (NYSE:EVTC)

Aptus Capital Advisors LLC lifted its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,793 shares of the business services provider’s stock after buying an additional 13,738 shares during the period. Aptus Capital Advisors LLC owned approximately 0.16% of EVERTEC worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D lifted its holdings in EVERTEC by 11.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,070 shares of the business services provider’s stock valued at $2,002,000 after purchasing an additional 6,038 shares in the last quarter. River Road Asset Management LLC raised its stake in EVERTEC by 0.3% during the third quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider’s stock valued at $66,649,000 after purchasing an additional 5,899 shares in the last quarter. F M Investments LLC increased its position in EVERTEC by 12.7% during the third quarter. F M Investments LLC now owns 192,273 shares of the business services provider’s stock valued at $6,516,000 after acquiring an additional 21,680 shares during the last quarter. Smith Group Asset Management LLC increased its position in EVERTEC by 23.8% during the third quarter. Smith Group Asset Management LLC now owns 11,012 shares of the business services provider’s stock valued at $373,000 after acquiring an additional 2,114 shares during the last quarter. Finally, nVerses Capital LLC increased its position in EVERTEC by 12.5% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

EVERTEC Stock Performance

Shares of EVERTEC stock opened at $35.06 on Thursday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 27.39, a PEG ratio of 1.63 and a beta of 1.15. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average price of $33.38 and a 200 day moving average price of $33.94. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Sell-side analysts expect that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. EVERTEC’s dividend payout ratio is currently 15.63%.

Analyst Ratings Changes

Separately, Susquehanna cut shares of EVERTEC from a “neutral” rating to a “negative” rating and cut their price target for the stock from $38.00 to $28.00 in a report on Thursday, September 5th.

Insider Buying and Selling at EVERTEC

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.00. Following the transaction, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is currently owned by insiders.

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.