American Century Companies Inc. Increases Holdings in EVERTEC, Inc. (NYSE:EVTC)

American Century Companies Inc. grew its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,370,476 shares of the business services provider’s stock after buying an additional 208,183 shares during the period. American Century Companies Inc. owned 6.79% of EVERTEC worth $145,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. North Star Asset Management Inc. lifted its holdings in shares of EVERTEC by 0.7% in the 2nd quarter. North Star Asset Management Inc. now owns 740,234 shares of the business services provider’s stock valued at $24,613,000 after purchasing an additional 5,475 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of EVERTEC by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 18,323 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 561 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of EVERTEC by 9.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider’s stock valued at $76,421,000 after purchasing an additional 189,637 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of EVERTEC by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 178,806 shares of the business services provider’s stock valued at $5,945,000 after purchasing an additional 761 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of EVERTEC by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider’s stock valued at $2,928,000 after purchasing an additional 17,475 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EVTC shares. Keefe, Bruyette & Woods reduced their target price on EVERTEC from $47.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Susquehanna downgraded EVERTEC from a “neutral” rating to a “negative” rating and reduced their price objective for the company from $38.00 to $28.00 in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.33.

EVERTEC Stock Up 0.9 %

EVTC opened at $33.14 on Friday. The business has a 50 day moving average price of $33.30 and a two-hundred day moving average price of $35.41. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.92. The company has a market cap of $2.13 billion, a PE ratio of 33.47, a P/E/G ratio of 1.57 and a beta of 1.15. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21.

EVERTEC (NYSE:EVTC) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.73 earnings per share (EPS) 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%. As a group, research analysts anticipate that EVERTEC, Inc. will post 2.53 EPS for the current year.

EVERTEC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, July 29th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, July 29th. EVERTEC’s payout ratio is 20.20%.

Insiders Place Their Bets

In other EVERTEC news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.10, for a total transaction of $1,263,600.00. Following the transaction, the executive vice president now owns 39,370 shares in the company, valued at approximately $1,381,887. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.00. Following the sale, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.10, for a total value of $1,263,600.00. Following the completion of the sale, the executive vice president now owns 39,370 shares in the company, valued at approximately $1,381,887. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

EVERTEC Profile

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.