Artemis Investment Management LLP lifted its stake in Evertec Inc (NYSE:EVTC) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,825 shares of the business services provider’s stock after purchasing an additional 62,159 shares during the period. Artemis Investment Management LLP owned 0.71% of Evertec worth $17,070,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Coastal Investment Advisors Inc. purchased a new stake in shares of Evertec in the 3rd quarter worth $36,000. US Bancorp DE increased its stake in shares of Evertec by 2,259.6% in the 2nd quarter. US Bancorp DE now owns 1,345 shares of the business services provider’s stock worth $44,000 after purchasing an additional 1,288 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Evertec in the 2nd quarter worth $92,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Evertec in the 3rd quarter worth $101,000. Finally, Marshall Wace LLP purchased a new stake in shares of Evertec in the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. ValuEngine lowered Evertec from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.
Shares of EVTC stock opened at $33.85 on Wednesday. Evertec Inc has a 52-week low of $25.13 and a 52-week high of $37.38. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market capitalization of $2.50 billion, a PE ratio of 19.91 and a beta of 0.77. The stock has a fifty day simple moving average of $32.96 and a two-hundred day simple moving average of $32.75.
Evertec (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Evertec had a return on equity of 58.35% and a net margin of 20.62%. The business had revenue of $118.80 million during the quarter, compared to analyst estimates of $116.49 million. On average, sell-side analysts forecast that Evertec Inc will post 1.8 EPS for the current fiscal year.
In other news, EVP Luis A. Rodriguez-Gonzalez sold 13,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $32.06, for a total transaction of $416,780.00. Following the completion of the transaction, the executive vice president now owns 56,445 shares in the company, valued at $1,809,626.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Morgan M. Schuessler sold 28,948 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.28, for a total value of $905,493.44. Following the transaction, the chief executive officer now owns 369,532 shares of the company’s stock, valued at approximately $11,558,960.96. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.
EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.
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