Tudor Investment Corp ET AL Sells 68,275 Shares of Evertec, Inc. $EVTC

Tudor Investment Corp ET AL decreased its stake in shares of Evertec, Inc. (NYSE:EVTC) by 53.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,353 shares of the business services provider’s stock after selling 68,275 shares during the period. Tudor Investment Corp ET AL’s holdings in Evertec were worth $1,971,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased its position in Evertec by 132.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 435 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Evertec during the third quarter worth approximately $52,000. Advisory Services Network LLC bought a new stake in shares of Evertec during the third quarter valued at approximately $59,000. Parkside Financial Bank & Trust increased its holdings in shares of Evertec by 34.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 464 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Evertec by 40.4% in the third quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

Evertec Stock Down 3.6%

Shares of NYSE:EVTC opened at $27.28 on Friday. Evertec, Inc. has a one year low of $24.95 and a one year high of $38.56. The company has a 50 day moving average of $28.10 and a 200-day moving average of $29.56. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.04 and a beta of 0.85.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The business had revenue of $244.83 million for the quarter, compared to analyst estimates of $236.83 million. During the same period in the prior year, the business posted $0.87 earnings per share. Evertec’s revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts forecast that Evertec, Inc. will post 2.63 earnings per share for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. Evertec’s payout ratio is presently 9.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.80.

About Evertec

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.