PNC Financial Services Group Inc. raised its position in shares of Evertec, Inc. (NYSE:EVTC) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 409,917 shares of the business services provider’s stock after purchasing an additional 3,198 shares during the quarter. PNC Financial Services Group Inc. owned 0.57% of Evertec worth $7,091,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC raised its stake in Evertec by 23.8% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,007,542 shares of the business services provider’s stock valued at $17,430,000 after purchasing an additional 193,908 shares during the period. Heartland Advisors Inc. raised its stake in Evertec by 13.7% during the 2nd quarter. Heartland Advisors Inc. now owns 559,600 shares of the business services provider’s stock valued at $9,681,000 after purchasing an additional 67,525 shares during the period. Goldman Sachs Group Inc. raised its stake in Evertec by 72.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 417,950 shares of the business services provider’s stock valued at $6,645,000 after purchasing an additional 176,052 shares during the period. Morgan Stanley raised its stake in Evertec by 4.9% during the 1st quarter. Morgan Stanley now owns 692,634 shares of the business services provider’s stock valued at $11,012,000 after purchasing an additional 32,348 shares during the period. Finally, Bessemer Group Inc. raised its stake in Evertec by 0.7% during the 2nd quarter. Bessemer Group Inc. now owns 86,700 shares of the business services provider’s stock valued at $1,500,000 after purchasing an additional 600 shares during the period. 77.96% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, August 3rd. ValuEngine downgraded shares of Evertec from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Evertec from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.00.

Evertec, Inc. (EVTC) opened at 17.40 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 16.28 and a beta of 1.24. The stock’s 50 day moving average is $18.50 and its 200 day moving average is $17.04. Evertec, Inc. has a 12-month low of $14.15 and a 12-month high of $19.52.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $103.51 million for the quarter, compared to analyst estimates of $100.21 million. Evertec had a net margin of 19.64% and a return on equity of 107.21%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Analysts forecast that Evertec, Inc. will post $1.70 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Monday, August 7th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.40 annualized dividend and a yield of 2.30%. Evertec’s dividend payout ratio (DPR) is presently 37.74%.

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Evertec Company Profile

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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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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