Eqis Capital Management Inc. Raises Holdings in Evertec Inc (NYSE:EVTC)

Eqis Capital Management Inc. grew its position in shares of Evertec Inc (NYSE:EVTC) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,671 shares of the business services provider’s stock after purchasing an additional 2,995 shares during the quarter. Eqis Capital Management Inc.’s holdings in Evertec were worth $645,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Jennison Associates LLC grew its holdings in shares of Evertec by 0.9% during the second quarter. Jennison Associates LLC now owns 33,780 shares of the business services provider’s stock worth $1,105,000 after purchasing an additional 316 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Evertec by 1.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 23,783 shares of the business services provider’s stock worth $778,000 after purchasing an additional 400 shares during the last quarter. USA Financial Portformulas Corp grew its holdings in shares of Evertec by 8.1% during the second quarter. USA Financial Portformulas Corp now owns 6,696 shares of the business services provider’s stock worth $186,000 after purchasing an additional 501 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new position in shares of Evertec during the third quarter worth about $36,000. Finally, United Services Automobile Association grew its holdings in shares of Evertec by 6.0% during the second quarter. United Services Automobile Association now owns 20,867 shares of the business services provider’s stock worth $682,000 after buying an additional 1,182 shares during the last quarter. 79.38% of the stock is currently owned by institutional investors.

NYSE EVTC opened at $30.71 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 2.17. Evertec Inc has a 52-week low of $25.13 and a 52-week high of $37.38. The business’s 50-day moving average price is $31.28 and its 200 day moving average price is $31.72. The firm has a market cap of $2.20 billion, a P/E ratio of 17.01 and a beta of 0.74.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Evertec had a return on equity of 58.35% and a net margin of 20.62%. The firm had revenue of $118.80 million for the quarter, compared to analyst estimates of $116.49 million. As a group, analysts anticipate that Evertec Inc will post 1.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 4th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, November 1st. Evertec’s dividend payout ratio is currently 11.76%.

A number of research firms recently issued reports on EVTC. Zacks Investment Research lowered Evertec from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. ValuEngine raised Evertec from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

About Evertec

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

Further Reading: How much can an individual set aside as a catch-up contribution?

Want to see what other hedge funds are holding EVTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evertec Inc (NYSE:EVTC).

Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

Receive News & Ratings for Evertec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec and related companies with MarketBeat.com's FREE daily email newsletter.