Louisiana State Employees Retirement System Invests $1.35 Million in EVERTEC, Inc. (NYSE:EVTC)

Louisiana State Employees Retirement System bought a new stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,900 shares of the business services provider's stock, valued at approximately $1,347,000. Louisiana State Employees Retirement System owned 0.05% of EVERTEC at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EVTC. Ronald Blue Trust Inc. boosted its stake in shares of EVERTEC by 314.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,000 shares of the business services provider's stock valued at $37,000 after buying an additional 759 shares during the period. SG Americas Securities LLC purchased a new position in shares of EVERTEC in the 3rd quarter valued at about $1,159,000. Ziegler Capital Management LLC acquired a new stake in shares of EVERTEC during the 3rd quarter worth about $5,745,000. DAVENPORT & Co LLC raised its position in shares of EVERTEC by 2.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 40,602 shares of the business services provider's stock worth $1,510,000 after acquiring an additional 881 shares in the last quarter. Finally, Riverwater Partners LLC acquired a new stake in shares of EVERTEC during the 3rd quarter worth about $500,000. Hedge funds and other institutional investors own 96.80% of the company's stock.

EVERTEC Stock Performance

Shares of NYSE:EVTC traded up $0.36 during trading on Monday, reaching $38.15. The company had a trading volume of 194,417 shares, compared to its average volume of 319,465. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 31.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.88 and a quick ratio of 1.88. The stock's fifty day moving average price is $38.78 and its 200 day moving average price is $38.17. EVERTEC, Inc. has a fifty-two week low of $31.55 and a fifty-two week high of $42.21.

EVERTEC (NYSE:EVTC - Get Free Report) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). The company had revenue of $194.62 million during the quarter, compared to analyst estimates of $179.86 million. EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. As a group, equities research analysts predict that EVERTEC, Inc. will post 2.33 EPS for the current year.

EVERTEC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, April 29th will be paid a $0.05 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. EVERTEC's dividend payout ratio (DPR) is presently 16.53%.

Insiders Place Their Bets

In other EVERTEC news, Director Frank G. D'angelo sold 16,000 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $37.43, for a total transaction of $598,880.00. Following the sale, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Frank G. D'angelo sold 16,000 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the sale, the director now directly owns 10,380 shares in the company, valued at $388,523.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Morgan M. Schuessler sold 100,000 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the sale, the chief executive officer now owns 347,941 shares in the company, valued at $12,939,925.79. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EVTC has been the topic of several research analyst reports. Morgan Stanley raised their target price on EVERTEC from $32.00 to $33.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 27th. StockNews.com lowered EVERTEC from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $41.33.

EVERTEC 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.