Holocene Advisors LP Buys 41,563 Shares of EVERTEC, Inc. (NYSE:EVTC)

Holocene Advisors LP lifted its stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 210.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,339 shares of the business services provider's stock after purchasing an additional 41,563 shares during the period. Holocene Advisors LP owned 0.10% of EVERTEC worth $2,079,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in EVERTEC by 1.1% during the second quarter. Bank of Montreal Can now owns 35,084 shares of the business services provider's stock valued at $1,191,000 after purchasing an additional 381 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of EVERTEC by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider's stock worth $1,077,000 after acquiring an additional 400 shares during the period. nVerses Capital LLC increased its holdings in EVERTEC by 12.5% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the business services provider's stock worth $122,000 after acquiring an additional 400 shares during the last quarter. Arizona State Retirement System raised its stake in EVERTEC by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 18,323 shares of the business services provider's stock valued at $609,000 after acquiring an additional 561 shares during the period. Finally, Blair William & Co. IL lifted its holdings in EVERTEC by 2.2% during the second quarter. Blair William & Co. IL now owns 31,918 shares of the business services provider's stock valued at $1,061,000 after purchasing an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company's stock.

EVERTEC Price Performance

EVTC stock traded up $0.35 during mid-day trading on Friday, reaching $35.43. 217,637 shares of the company traded hands, compared to its average volume of 303,595. The company has a fifty day moving average price of $34.20 and a 200-day moving average price of $33.74. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $42.21. The company has a market capitalization of $2.25 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.62 and a beta of 1.16. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97.

EVERTEC (NYSE:EVTC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating 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 earnings per share. EVERTEC's revenue for the quarter was up 22.3% on a year-over-year basis. As a group, analysts anticipate that EVERTEC, Inc. will post 2.55 earnings per share for the current year.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors 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 dividend on an annualized basis and a dividend yield of 0.56%. EVERTEC's dividend payout ratio (DPR) is presently 15.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVTC. Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. Susquehanna lowered shares of EVERTEC from a "neutral" rating to a "negative" rating and reduced their price objective for the company from $38.00 to $28.00 in a research note on Thursday, September 5th.

Insider Activity at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the transaction, the executive vice president now owns 32,481 shares of the company's stock, valued at $1,169,316. This represents a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the sale, the chief financial officer now owns 54,998 shares in the company, valued at $1,984,327.84. The trade was a 46.84 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

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.