Evertec, Inc. (EVTC) Holdings Held by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can held its stake in Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,787 shares of the business services provider’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Evertec were worth $117,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bowling Portfolio Management LLC purchased a new stake in shares of Evertec during the second quarter valued at approximately $1,479,000. Campbell & CO Investment Adviser LLC grew its holdings in shares of Evertec by 31.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 14,085 shares of the business services provider’s stock valued at $244,000 after buying an additional 3,332 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of Evertec during the second quarter valued at approximately $1,912,000. Goldman Sachs Group Inc. grew its holdings in shares of Evertec by 72.8% during the first quarter. Goldman Sachs Group Inc. now owns 417,950 shares of the business services provider’s stock valued at $6,645,000 after buying an additional 176,052 shares during the last quarter. Finally, North Star Asset Management Inc. grew its holdings in shares of Evertec by 2.1% during the first quarter. North Star Asset Management Inc. now owns 763,806 shares of the business services provider’s stock valued at $12,145,000 after buying an additional 15,490 shares during the last quarter. Institutional investors and hedge funds own 77.96% of the company’s stock.
Shares of Evertec, Inc. (EVTC) opened at 18.65 on Tuesday. The stock’s 50 day moving average is $18.50 and its 200-day moving average is $17.04. The stock has a market cap of $1.35 billion, a PE ratio of 17.45 and a beta of 1.24. Evertec, Inc. has a 12-month low of $14.15 and a 12-month high of $19.52.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Evertec had a net margin of 19.64% and a return on equity of 107.21%. 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 previous year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that Evertec, Inc. will post $1.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, August 3rd. Evertec’s payout ratio is currently 37.74%.
EVTC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub upgraded shares of Evertec from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Finally, ValuEngine cut shares of Evertec from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.00.
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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