Natixis Advisors LLC Boosts Stock Position in EVERTEC, Inc. (NYSE:EVTC)

Natixis Advisors LLC grew its holdings in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 9.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 582,608 shares of the business services provider's stock after acquiring an additional 52,586 shares during the period. Natixis Advisors LLC owned about 0.91% of EVERTEC worth $19,745,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EVTC. Aptus Capital Advisors LLC boosted its holdings in EVERTEC by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 101,793 shares of the business services provider's stock valued at $3,450,000 after acquiring an additional 13,738 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in EVERTEC by 11.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 59,070 shares of the business services provider's stock worth $2,002,000 after purchasing an additional 6,038 shares during the period. River Road Asset Management LLC increased its stake in shares of EVERTEC by 0.3% in the 3rd quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider's stock valued at $66,649,000 after acquiring an additional 5,899 shares in the last quarter. F M Investments LLC raised its holdings in shares of EVERTEC by 12.7% during the third quarter. F M Investments LLC now owns 192,273 shares of the business services provider's stock valued at $6,516,000 after purchasing an additional 21,680 shares during the period. Finally, Smith Group Asset Management LLC raised its stake in EVERTEC by 23.8% during the 3rd quarter. Smith Group Asset Management LLC now owns 11,012 shares of the business services provider's stock worth $373,000 after buying an additional 2,114 shares during the period. Institutional investors own 96.80% of the company's stock.

EVERTEC Stock Performance

EVERTEC stock traded down $0.82 during mid-day trading on Wednesday, reaching $34.84. 50,340 shares of the company's stock were exchanged, compared to its average volume of 393,601. The business's fifty day simple moving average is $33.60 and its 200 day simple moving average is $33.85. EVERTEC, Inc. has a one year low of $28.76 and a one year 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 firm has a market capitalization of $2.22 billion, a PE ratio of 27.87, a P/E/G ratio of 1.58 and a beta of 1.15.

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. The company had revenue of $211.80 million during the quarter, compared to analysts' expectations of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, October 28th will be paid a $0.05 dividend. The ex-dividend date is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. EVERTEC's dividend payout ratio is presently 15.63%.

Wall Street Analyst Weigh In

Separately, Susquehanna downgraded shares of EVERTEC from a "neutral" rating to a "negative" rating and reduced their price target for the company from $38.00 to $28.00 in a research report on Thursday, September 5th.

Insider Buying and Selling

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.00. Following the completion of the sale, the executive vice president now owns 129,928 shares of the company's stock, valued at $4,431,844.08. This represents a 23.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is owned by company 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.