Strs Ohio Lowers Holdings in Evertec Inc (NYSE:EVTC)

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Strs Ohio cut its holdings in Evertec Inc (NYSE:EVTC) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,100 shares of the business services provider’s stock after selling 2,700 shares during the period. Strs Ohio’s holdings in Evertec were worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVTC. Artemis Investment Management LLP grew its position in Evertec by 51.9% in the 2nd quarter. Artemis Investment Management LLP now owns 403,861 shares of the business services provider’s stock valued at $12,834,000 after acquiring an additional 137,975 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Evertec by 6.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,006,339 shares of the business services provider’s stock valued at $32,906,000 after acquiring an additional 60,000 shares during the last quarter. Bessemer Group Inc. grew its position in Evertec by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 142,628 shares of the business services provider’s stock valued at $4,664,000 after acquiring an additional 1,665 shares during the last quarter. Eqis Capital Management Inc. grew its position in Evertec by 44.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 17,676 shares of the business services provider’s stock valued at $578,000 after acquiring an additional 5,439 shares during the last quarter. Finally, Navellier & Associates Inc grew its position in Evertec by 9.3% in the 2nd quarter. Navellier & Associates Inc now owns 77,369 shares of the business services provider’s stock valued at $2,530,000 after acquiring an additional 6,600 shares during the last quarter. 79.00% of the stock is currently owned by institutional investors.

In other Evertec news, General Counsel Luis A. Rodriguez-Gonzalez sold 13,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $28.60, for a total value of $371,800.00. Following the completion of the sale, the general counsel now directly owns 73,526 shares in the company, valued at approximately $2,102,843.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Several equities analysts have commented on EVTC shares. Zacks Investment Research raised Evertec from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, August 5th. Susquehanna Bancshares started coverage on Evertec in a research report on Friday, June 28th. They issued a “positive” rating and a $36.00 price objective on the stock.

Shares of Evertec stock opened at $35.53 on Wednesday. The firm has a fifty day simple moving average of $33.09. The company has a market cap of $2.49 billion, a P/E ratio of 20.90 and a beta of 0.80. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.38. Evertec Inc has a 52 week low of $22.41 and a 52 week high of $37.38.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The company had revenue of $122.55 million for the quarter, compared to the consensus estimate of $117.13 million. Evertec had a return on equity of 60.49% and a net margin of 20.55%. Evertec’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. On average, equities analysts anticipate that Evertec Inc will post 1.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, August 2nd. Evertec’s dividend payout ratio (DPR) is presently 11.76%.

Evertec Profile

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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