Barclays PLC Purchases 91,632 Shares of EVERTEC, Inc. (NYSE:EVTC)

Barclays PLC increased its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 385.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,398 shares of the business services provider's stock after purchasing an additional 91,632 shares during the quarter. Barclays PLC owned approximately 0.18% of EVERTEC worth $3,910,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EVTC. FMR LLC increased its holdings in shares of EVERTEC by 36.6% during the third quarter. FMR LLC now owns 9,114,244 shares of the business services provider's stock worth $308,882,000 after buying an additional 2,440,680 shares in the last quarter. American Century Companies Inc. raised its position in EVERTEC by 5.0% in the 2nd quarter. American Century Companies Inc. now owns 4,370,476 shares of the business services provider's stock valued at $145,318,000 after purchasing an additional 208,183 shares during the last quarter. State Street Corp boosted its stake in EVERTEC by 1.4% in the third quarter. State Street Corp now owns 2,494,349 shares of the business services provider's stock worth $84,533,000 after purchasing an additional 34,410 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of EVERTEC by 9.0% during the second quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider's stock worth $76,421,000 after purchasing an additional 189,637 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of EVERTEC by 0.3% during the third quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider's stock worth $66,649,000 after purchasing an additional 5,899 shares during the last quarter. 96.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $33.00 to $35.00 in a research report on Thursday, November 21st. William Blair reissued an "outperform" rating on shares of EVERTEC in a research note on Wednesday, December 18th. Finally, Susquehanna lowered shares of EVERTEC from a "neutral" rating to a "negative" rating and lowered their price target for the company from $38.00 to $28.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $35.00.

EVERTEC Trading Down 1.5 %

EVTC stock traded down $0.51 during midday trading on Monday, reaching $33.10. The stock had a trading volume of 40,635 shares, compared to its average volume of 386,659. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.63 and a beta of 1.16. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The business has a fifty day simple moving average of $34.47 and a two-hundred day simple moving average of $33.74.

EVERTEC (NYSE:EVTC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company had revenue of $211.80 million during the quarter, compared to analysts' expectations of $211.51 million. During the same quarter in the previous year, the company earned $0.72 EPS. EVERTEC's revenue was up 22.3% on a year-over-year basis. As a group, research analysts expect that EVERTEC, Inc. will post 2.55 EPS for the current fiscal year.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, October 28th were given a $0.05 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. EVERTEC's dividend payout ratio is currently 15.63%.

Insider Buying and Selling

In other news, EVP Daniel Brignardello sold 3,842 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.00, for a total value of $138,312.00. Following the completion of the transaction, the executive vice president now owns 32,481 shares of the company's stock, valued at $1,169,316. The trade was a 10.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Miguel Vizcarrondo sold 7,890 shares of EVERTEC stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total value of $276,702.30. Following the transaction, the executive vice president now owns 122,038 shares in the company, valued at approximately $4,279,872.66. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,185 shares of company stock valued at $2,163,199 over the last three months. Company insiders own 0.83% of the company's stock.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.