World Investment Advisors LLC Makes New $594,000 Investment in EVERTEC, Inc. (NYSE:EVTC)

World Investment Advisors LLC bought a new stake in EVERTEC, Inc. (NYSE:EVTC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,521 shares of the business services provider's stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVTC. Louisiana State Employees Retirement System increased its stake in EVERTEC by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider's stock valued at $1,077,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of EVERTEC by 21.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,468 shares of the business services provider's stock valued at $548,000 after acquiring an additional 2,924 shares during the last quarter. F M Investments LLC purchased a new position in shares of EVERTEC during the 2nd quarter worth about $5,672,000. nVerses Capital LLC boosted its position in shares of EVERTEC by 68.4% in the second quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider's stock worth $106,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in shares of EVERTEC by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider's stock worth $2,928,000 after acquiring an additional 17,475 shares during the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $1,169,316. The trade was a 10.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $1,984,327.84. This trade represents a 46.84 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.83% of the company's stock.

EVERTEC Trading Down 1.0 %

NYSE EVTC traded down $0.35 during mid-day trading on Tuesday, hitting $34.85. The company's stock had a trading volume of 245,053 shares, compared to its average volume of 384,143. The firm has a market capitalization of $2.22 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.63 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, Inc. has a 52-week low of $28.76 and a 52-week high of $42.21. The stock's fifty day simple moving average is $34.41 and its two-hundred day simple moving average is $33.74.

EVERTEC (NYSE:EVTC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The business had revenue of $211.80 million for the quarter, compared to the consensus estimate of $211.51 million. During the same quarter last year, the firm posted $0.72 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. Research analysts expect that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, October 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. EVERTEC's dividend payout ratio (DPR) is currently 15.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Susquehanna downgraded shares of EVERTEC from a "neutral" rating to a "negative" rating and cut their price target for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th. Morgan Stanley upgraded EVERTEC from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $33.00 to $35.00 in a report on Thursday, November 21st.

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.