EVERTEC, Inc. (NYSE:EVTC) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc grew its position in EVERTEC, Inc. (NYSE:EVTC – Get Rating) by 119.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,326 shares of the business services provider’s stock after purchasing an additional 15,429 shares during the period. TD Asset Management Inc’s holdings in EVERTEC were worth $917,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EVTC. Wipfli Financial Advisors LLC purchased a new stake in shares of EVERTEC during the 3rd quarter valued at about $27,000. CWM LLC raised its holdings in shares of EVERTEC by 269.9% during the 3rd quarter. CWM LLC now owns 910 shares of the business services provider’s stock valued at $29,000 after buying an additional 664 shares during the period. Bessemer Group Inc. raised its holdings in shares of EVERTEC by 897.9% during the 3rd quarter. Bessemer Group Inc. now owns 968 shares of the business services provider’s stock valued at $30,000 after buying an additional 871 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of EVERTEC during the 1st quarter valued at about $154,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of EVERTEC during the 4th quarter valued at about $127,000. 97.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Morgan M. Schuessler sold 27,101 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $35.94, for a total value of $974,009.94. Following the completion of the sale, the chief executive officer now directly owns 169,750 shares in the company, valued at approximately $6,100,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Morgan M. Schuessler sold 29,578 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $34.61, for a total transaction of $1,023,694.58. Following the completion of the transaction, the chief executive officer now owns 127,072 shares in the company, valued at approximately $4,397,961.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Morgan M. Schuessler sold 27,101 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $35.94, for a total value of $974,009.94. Following the transaction, the chief executive officer now owns 169,750 shares of the company’s stock, valued at approximately $6,100,815. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,553 shares of company stock worth $2,635,115. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EVTC shares. Raymond James raised their target price on EVERTEC from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. TheStreet upgraded EVERTEC from a “c+” rating to a “b” rating in a report on Tuesday, January 31st. Finally, StockNews.com started coverage on EVERTEC in a report on Thursday, March 16th. They set a “hold” rating on the stock.

EVERTEC Price Performance

EVTC stock opened at $34.59 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. EVERTEC, Inc. has a 52-week low of $30.17 and a 52-week high of $40.29. The stock’s 50 day moving average is $33.64 and its two-hundred day moving average is $33.94. The company has a market capitalization of $2.25 billion, a PE ratio of 10.08 and a beta of 0.97.

EVERTEC (NYSE:EVTC – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. EVERTEC had a return on equity of 29.70% and a net margin of 36.65%. The business had revenue of $159.81 million during the quarter, compared to the consensus estimate of $152.17 million. Analysts predict that EVERTEC, Inc. will post 2.4 earnings per share for the current fiscal year.

EVERTEC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Monday, May 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. EVERTEC’s dividend payout ratio (DPR) is 5.83%.

EVERTEC Company Profile

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EVERTEC, Inc engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, Business Solutions, and Corporate and Other. The Payment Services segment is involved in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring.