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

Willis Investment Counsel grew its position in Evertec, Inc. (NYSE:EVTC) by 42.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,430 shares of the business services provider’s stock after purchasing an additional 26,874 shares during the quarter. Willis Investment Counsel owned approximately 0.14% of Evertec worth $2,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in shares of Evertec by 15.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,078 shares of the business services provider’s stock valued at $555,000 after purchasing an additional 2,568 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Evertec by 8.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,376 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 904 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Evertec by 443.9% in the 4th quarter. SG Americas Securities LLC now owns 42,505 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 34,690 shares in the last quarter. Diversified Trust Co. raised its holdings in shares of Evertec by 20.0% in the 4th quarter. Diversified Trust Co. now owns 7,860 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 1,310 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Evertec in the 3rd quarter valued at $232,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Evertec Trading Up 2.0%

NYSE EVTC opened at $28.49 on Thursday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $1.76 billion, a PE ratio of 13.01, a P/E/G ratio of 1.07 and a beta of 0.84. Evertec, Inc. has a one year low of $24.95 and a one year high of $38.56. The firm’s fifty day moving average is $27.88 and its two-hundred day moving average is $29.25.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $244.83 million for the quarter, compared to analyst estimates of $236.83 million. Evertec had a net margin of 15.19% and a return on equity of 33.27%. Evertec’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. Analysts expect that Evertec, Inc. will post 2.63 earnings per share for the current year.

Evertec Dividend Announcement

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

Analysts Set New Price Targets

EVTC has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Evertec currently has an average rating of “Hold” and a consensus target price of $35.80.

Evertec Company 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.