EVERTEC, Inc. (NYSE:EVTC) Shares Sold by EMC Capital Management

EMC Capital Management decreased its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,102 shares of the business services provider’s stock after selling 2,698 shares during the quarter. EMC Capital Management’s holdings in EVERTEC were worth $211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zacks Investment Management purchased a new position in shares of EVERTEC during the third quarter worth $1,258,000. Algert Global LLC lifted its stake in EVERTEC by 1,285.8% during the 3rd quarter. Algert Global LLC now owns 91,341 shares of the business services provider’s stock worth $3,096,000 after acquiring an additional 84,750 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in EVERTEC by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock valued at $11,447,000 after acquiring an additional 33,462 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. grew its position in EVERTEC by 100.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider’s stock valued at $1,381,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Barclays PLC increased its stake in EVERTEC by 385.6% during the third quarter. Barclays PLC now owns 115,398 shares of the business services provider’s stock worth $3,910,000 after purchasing an additional 91,632 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Analyst Upgrades and Downgrades

EVTC has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Wednesday, December 18th. Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $35.00 in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.00.

Insider Buying and Selling

In other EVERTEC news, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.09, for a total value of $276,913.07. Following the transaction, the executive vice president now directly owns 113,915 shares in the company, valued at $3,883,362.35. This represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel Brignardello sold 3,842 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total transaction of $138,312.00. Following the sale, the executive vice president now owns 32,481 shares of the company’s stock, valued at $1,169,316. This represents a 10.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,308 shares of company stock worth $2,440,112. Corporate insiders own 0.83% of the company’s stock.

EVERTEC Stock Performance

Shares of EVTC opened at $32.44 on Friday. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $42.21. The stock has a market capitalization of $2.06 billion, a PE ratio of 25.35, a PEG ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a 50-day simple moving average of $34.20 and a 200-day simple moving average of $33.81.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $211.80 million during the quarter, compared to the consensus estimate of $211.51 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that EVERTEC, Inc. will post 2.63 earnings per share for the current fiscal year.

EVERTEC Company 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.