Creative Planning Invests $1.51 Million in EVERTEC, Inc. (NYSE:EVTC)

Creative Planning purchased a new position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 44,581 shares of the business services provider's stock, valued at approximately $1,511,000. Creative Planning owned about 0.07% of EVERTEC as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EVTC. Allspring Global Investments Holdings LLC raised its holdings in EVERTEC by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,785 shares of the business services provider's stock worth $510,000 after purchasing an additional 1,077 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of EVERTEC by 9.7% during the 1st quarter. BNP Paribas Financial Markets now owns 59,068 shares of the business services provider's stock worth $2,357,000 after buying an additional 5,203 shares during the period. Janney Montgomery Scott LLC grew its position in shares of EVERTEC by 19.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,073 shares of the business services provider's stock worth $482,000 after buying an additional 1,946 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of EVERTEC during the 1st quarter worth approximately $868,000. Finally, Nordea Investment Management AB grew its position in shares of EVERTEC by 29.2% during the 1st quarter. Nordea Investment Management AB now owns 217,123 shares of the business services provider's stock worth $8,770,000 after buying an additional 49,115 shares during the period. Institutional investors own 96.80% of the company's stock.

EVERTEC Stock Up 0.1 %

NYSE EVTC traded up $0.02 during mid-day trading on Wednesday, hitting $32.24. The company's stock had a trading volume of 407,013 shares, compared to its average volume of 395,446. The company's 50 day simple moving average is $33.28 and its 200 day simple moving average is $34.21. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.62 and a beta of 1.15.

EVERTEC (NYSE:EVTC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.19. EVERTEC had a net margin of 8.84% and a return on equity of 32.08%. The business had revenue of $211.98 million during the quarter, compared to the consensus estimate of $209.40 million. Analysts anticipate that EVERTEC, Inc. will post 2.53 earnings per share for the current year.

EVERTEC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, October 28th. EVERTEC's payout ratio is currently 20.20%.

Wall Street Analyst Weigh In

Several analysts have recently commented on EVTC shares. Keefe, Bruyette & Woods reduced their price objective on shares of EVERTEC from $47.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, July 8th. Susquehanna downgraded shares of EVERTEC from a "neutral" rating to a "negative" rating and reduced their price objective for the stock from $38.00 to $28.00 in a research report on Thursday, September 5th.

Insider Activity at EVERTEC

In related news, EVP Miguel Vizcarrondo sold 40,000 shares of EVERTEC stock in a transaction on Thursday, August 29th. The shares were 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 approximately $4,431,844.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of EVERTEC stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the transaction, the executive vice president now directly owns 129,928 shares of the company's stock, valued at $4,431,844.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of EVERTEC stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the transaction, the executive vice president now directly owns 39,370 shares in the company, valued at $1,381,887. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

EVERTEC Profile

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.