Los Angeles Capital Management & Equity Research Inc. Has $581,000 Holdings in Evertec, Inc. (EVTC)
Los Angeles Capital Management & Equity Research Inc. held its stake in Evertec, Inc. (NYSE:EVTC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,609 shares of the business services provider’s stock at the end of the second quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Evertec were worth $581,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. IFP Advisors Inc bought a new position in shares of Evertec during the 2nd quarter worth $108,000. BNP Paribas Arbitrage SA grew its stake in shares of Evertec by 497.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,062 shares of the business services provider’s stock worth $122,000 after acquiring an additional 5,880 shares during the period. Koch Industries Inc. bought a new position in shares of Evertec during the 1st quarter worth $169,000. DF Dent & Co. Inc. grew its stake in shares of Evertec by 0.7% during the 1st quarter. DF Dent & Co. Inc. now owns 10,832 shares of the business services provider’s stock worth $172,000 after acquiring an additional 79 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Evertec during the 1st quarter worth $181,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.
Evertec, Inc. (NYSE EVTC) opened at 17.40 on Friday. Evertec, Inc. has a 1-year low of $14.15 and a 1-year high of $19.52. The company has a market cap of $1.26 billion, a P/E ratio of 16.28 and a beta of 1.24. The stock’s 50 day moving average price is $18.50 and its 200 day moving average price is $17.04.
Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $103.51 million during the quarter, compared to analyst estimates of $100.21 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. Evertec’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Evertec, Inc. will post $1.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 3rd. Evertec’s payout ratio is currently 37.74%.
EVTC has been the subject of several research reports. Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub upgraded Evertec from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 1st. Finally, ValuEngine downgraded Evertec from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Evertec has an average rating of “Hold” and a consensus target price of $19.00.
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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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