Tudor Investment Corp ET AL Decreases Position in Evertec, Inc. $EVTC

Key Points

• Tudor Investment Corp cut its Evertec (NYSE:EVTC) stake by 53.9% in Q3, selling 68,275 shares and ending the period with 58,353 shares worth about $1.97 million (≈0.09% of the company).
• Other institutions notably increased positions—American Century, Millennium Management, Boston Partners and Clark Capital added shares—leaving institutional ownership at 96.8% of Evertec.
• Evertec beat Q results (EPS $0.93 vs. $0.91; revenue $244.8M, +13.1% YOY), pays a small quarterly dividend ($0.05, 0.7% yield), and carries a consensus "Hold" rating with a $35.80 average price target.

Tudor Investment Corp ET AL lessened its holdings in Evertec, Inc. (NYSE:EVTC - Free Report) by 53.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,353 shares of the business services provider's stock after selling 68,275 shares during the period. Tudor Investment Corp ET AL owned approximately 0.09% of Evertec worth $1,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in Evertec by 7.4% in the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider's stock valued at $165,320,000 after buying an additional 335,639 shares during the period. Millennium Management LLC boosted its position in Evertec by 731.6% in the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider's stock valued at $23,183,000 after buying an additional 603,753 shares during the period. Boston Partners boosted its position in Evertec by 45.0% in the 3rd quarter. Boston Partners now owns 526,864 shares of the business services provider's stock valued at $17,656,000 after buying an additional 163,398 shares during the period. Clifford Capital Partners LLC boosted its position in Evertec by 0.3% in the 3rd quarter. Clifford Capital Partners LLC now owns 436,707 shares of the business services provider's stock valued at $14,752,000 after buying an additional 1,276 shares during the period. Finally, Clark Capital Management Group Inc. boosted its position in Evertec by 44.3% in the 3rd quarter. Clark Capital Management Group Inc. now owns 362,723 shares of the business services provider's stock valued at $12,253,000 after buying an additional 111,322 shares during the period. Hedge funds and other institutional investors own 96.80% of the company's stock.

Evertec Price Performance

Shares of EVTC opened at $27.89 on Monday. Evertec, Inc. has a twelve month low of $24.95 and a twelve month high of $38.56. The firm's fifty day simple moving average is $27.82 and its 200-day simple moving average is $29.14. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.06 and a beta of 0.84. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.69.

Evertec (NYSE:EVTC - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The business had revenue of $244.83 million for the quarter, compared to analyst estimates of $236.83 million. During the same period last year, the business earned $0.87 EPS. The company's revenue was up 13.1% on a year-over-year basis. Equities analysts forecast that Evertec, Inc. will post 2.63 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 2nd. Evertec's dividend payout ratio (DPR) is currently 9.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on EVTC shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Evertec in a research report on Friday, March 27th. Zacks Research lowered shares of Evertec from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Evertec from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $35.80.

Evertec Company Profile

Evertec, Inc NYSE: EVTC is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec's suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.

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