Shares of Evertec, Inc. (NYSE:EVTC) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.33.
Several research analysts have issued reports on EVTC shares. Zacks Investment Research downgraded Evertec from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub raised Evertec from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Finally, ValuEngine downgraded Evertec from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Evertec during the fourth quarter worth $14,617,000. Thrivent Financial For Lutherans increased its position in Evertec by 1,152.5% in the second quarter. Thrivent Financial For Lutherans now owns 867,111 shares of the business services provider’s stock worth $15,001,000 after buying an additional 797,881 shares during the period. Teachers Advisors LLC increased its position in Evertec by 525.8% in the fourth quarter. Teachers Advisors LLC now owns 948,851 shares of the business services provider’s stock worth $16,842,000 after buying an additional 797,226 shares during the period. Denver Investment Advisors LLC increased its position in Evertec by 609.7% in the first quarter. Denver Investment Advisors LLC now owns 719,211 shares of the business services provider’s stock worth $11,435,000 after buying an additional 617,864 shares during the period. Finally, Rivulet Capital LLC increased its position in Evertec by 9.5% in the second quarter. Rivulet Capital LLC now owns 3,201,605 shares of the business services provider’s stock worth $55,388,000 after buying an additional 278,800 shares during the period. 79.09% of the stock is currently owned by institutional investors.
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Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Evertec had a return on equity of 107.21% and a net margin of 19.64%. The firm had revenue of $103.51 million for the quarter, compared to the consensus estimate of $100.21 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Evertec will post $1.70 EPS for the current fiscal 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, August 3rd. Evertec’s dividend payout ratio (DPR) is currently 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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