F M Investments LLC Raises Stock Position in EVERTEC, Inc. (NYSE:EVTC)

F M Investments LLC lifted its holdings in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 12.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 192,273 shares of the business services provider's stock after acquiring an additional 21,680 shares during the period. F M Investments LLC owned approximately 0.30% of EVERTEC worth $6,516,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in EVERTEC during the second quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of EVERTEC by 866.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider's stock valued at $81,000 after purchasing an additional 2,175 shares during the period. EntryPoint Capital LLC boosted its position in shares of EVERTEC by 48.9% in the first quarter. EntryPoint Capital LLC now owns 2,761 shares of the business services provider's stock valued at $110,000 after acquiring an additional 907 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of EVERTEC by 90.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider's stock worth $104,000 after purchasing an additional 1,490 shares during the period. Finally, nVerses Capital LLC raised its stake in EVERTEC by 68.4% in the second quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider's stock valued at $106,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

EVERTEC Price Performance

Shares of EVTC traded down $0.08 during trading hours on Friday, reaching $32.68. The stock had a trading volume of 339,270 shares, compared to its average volume of 356,956. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.82 and a current ratio of 1.82. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month high of $42.21. The stock has a market capitalization of $2.09 billion, a PE ratio of 31.12, a PEG ratio of 1.62 and a beta of 1.15. The company's 50-day moving average is $33.26 and its two-hundred day moving average is $34.13.

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

EVERTEC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Monday, October 28th. EVERTEC's payout ratio is 19.05%.

Wall Street Analyst Weigh In

EVTC has been the topic of a number of recent analyst reports. Susquehanna cut shares of EVERTEC from a "neutral" rating to a "negative" rating and decreased their price objective for the company from $38.00 to $28.00 in a research note on Thursday, September 5th. Keefe, Bruyette & Woods dropped their price objective on EVERTEC from $47.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, July 8th.

Insider Buying and Selling at EVERTEC

In other news, EVP Miguel Vizcarrondo sold 40,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.