Evertec, Inc. $EVTC Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its holdings in Evertec, Inc. (NYSE:EVTC) by 38.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 8,306 shares of the business services provider’s stock after selling 5,212 shares during the quarter. Fox Run Management L.L.C.’s holdings in Evertec were worth $299,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Evertec by 28.6% in the 2nd quarter. Blue Trust Inc. now owns 1,958 shares of the business services provider’s stock worth $71,000 after purchasing an additional 436 shares during the last quarter. USA Financial Formulas bought a new stake in Evertec during the second quarter worth approximately $26,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Evertec by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after buying an additional 846 shares during the last quarter. Cetera Investment Advisers grew its position in Evertec by 8.2% in the first quarter. Cetera Investment Advisers now owns 11,523 shares of the business services provider’s stock worth $424,000 after buying an additional 878 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Evertec by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after buying an additional 1,222 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

Evertec Trading Up 0.6%

Evertec stock opened at $29.36 on Friday. Evertec, Inc. has a 12 month low of $26.72 and a 12 month high of $38.56. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.88 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.43 and a beta of 0.92. The company’s fifty day simple moving average is $31.49 and its 200-day simple moving average is $34.26.

Evertec (NYSE:EVTC) last released its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Evertec had a return on equity of 36.67% and a net margin of 15.56%.The firm had revenue of $227.93 million during the quarter, compared to analysts’ expectations of $224.68 million. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Evertec has set its FY 2025 guidance at 3.560-3.620 EPS. As a group, sell-side analysts forecast that Evertec, Inc. will post 2.63 EPS for the current fiscal year.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 3rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 3rd. Evertec’s payout ratio is currently 8.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EVTC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Evertec in a research note on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and issued a $43.00 price target (up previously from $42.00) on shares of Evertec in a research report on Thursday, July 31st. Morgan Stanley dropped their price target on Evertec from $34.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price objective on shares of Evertec from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Evertec in a research report on Thursday, July 17th. They issued a “hold” rating and a $35.00 target price on the stock. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.80.

About Evertec

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.