EVERTEC, Inc. (NYSE:EVTC) Shares Purchased by Willis Investment Counsel

Willis Investment Counsel boosted its stake in EVERTEC, Inc. (NYSE:EVTC) by 37.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,602 shares of the business services provider’s stock after buying an additional 9,482 shares during the quarter. Willis Investment Counsel’s holdings in EVERTEC were worth $1,195,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of EVTC. Public Employees Retirement System of Ohio purchased a new position in shares of EVERTEC during the 3rd quarter worth $28,000. Fifth Third Bancorp increased its stake in EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 402 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in EVERTEC during the third quarter worth about $55,000. Blue Trust Inc. boosted its stake in EVERTEC by 55.2% in the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after buying an additional 764 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in EVERTEC by 866.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock valued at $81,000 after buying an additional 2,175 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $33.00 to $35.00 in a report on Thursday, November 21st. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, EVERTEC has an average rating of “Hold” and an average target price of $35.00.

EVERTEC Price Performance

EVTC stock opened at $32.47 on Monday. The stock has a 50-day simple moving average of $34.13 and a 200-day simple moving average of $33.80. The firm has a market cap of $2.07 billion, a P/E ratio of 25.37, a price-to-earnings-growth 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. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $42.21.

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

Insiders Place Their Bets

In related news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $36.08, for a total value of $1,748,184.24. Following the sale, the chief financial officer now owns 54,998 shares of the company’s stock, valued at approximately $1,984,327.84. This trade represents a 46.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Brignardello sold 3,842 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the transaction, the executive vice president now owns 32,481 shares of the company’s stock, valued at approximately $1,169,316. The trade was a 10.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,308 shares of company stock valued at $2,440,112 in the last quarter. Insiders own 0.83% of the company’s stock.

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.