Clifford Capital Partners LLC Has $15.17 Million Position in EVERTEC, Inc. (NYSE:EVTC)

Clifford Capital Partners LLC reduced its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,645 shares of the business services provider’s stock after selling 12,185 shares during the quarter. EVERTEC comprises 3.0% of Clifford Capital Partners LLC’s portfolio, making the stock its 20th biggest position. Clifford Capital Partners LLC’s holdings in EVERTEC were worth $15,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EVTC. BNP Paribas Financial Markets grew its position in shares of EVERTEC by 20.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,220 shares of the business services provider’s stock valued at $1,160,000 after purchasing an additional 5,846 shares during the period. FMR LLC grew its position in shares of EVERTEC by 36.6% in the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock valued at $308,882,000 after purchasing an additional 2,440,680 shares during the period. Algert Global LLC grew its position in shares of EVERTEC by 1,285.8% in the 3rd quarter. Algert Global LLC now owns 91,341 shares of the business services provider’s stock valued at $3,096,000 after purchasing an additional 84,750 shares during the period. Intech Investment Management LLC acquired a new position in shares of EVERTEC in the 3rd quarter valued at approximately $617,000. Finally, Natixis Advisors LLC grew its position in shares of EVERTEC by 9.9% in the 3rd quarter. Natixis Advisors LLC now owns 582,608 shares of the business services provider’s stock valued at $19,745,000 after purchasing an additional 52,586 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

EVERTEC Trading Down 2.9 %

NYSE EVTC opened at $35.73 on Wednesday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 1.67 and a beta of 1.15. 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’s 50 day moving average price is $33.85 and its two-hundred day moving average price is $33.81.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings data 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 return on equity of 33.01% and a net margin of 10.20%. The company had revenue of $211.80 million for the quarter, compared to analysts’ expectations of $211.51 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. As a group, analysts anticipate that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, October 28th. EVERTEC’s dividend payout ratio is currently 15.63%.

Analysts Set New Price Targets

Several research firms have commented on EVTC. Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and cut their target price for the company from $38.00 to $28.00 in a research note on Thursday, September 5th. Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $33.00 to $35.00 in a research note on Thursday, November 21st.

Insider Transactions at EVERTEC

In related news, EVP Miguel Vizcarrondo sold 40,000 shares of the business’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 transaction of $1,364,400.00. Following the transaction, the executive vice president now directly owns 129,928 shares of the company’s stock, valued at approximately $4,431,844.08. The trade was a 23.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.83% of the company’s stock.

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.