State of New Jersey Common Pension Fund D Purchases 6,038 Shares of EVERTEC, Inc. (NYSE:EVTC)

State of New Jersey Common Pension Fund D lifted its position in EVERTEC, Inc. (NYSE:EVTC) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,070 shares of the business services provider’s stock after acquiring an additional 6,038 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of EVERTEC worth $2,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new position in shares of EVERTEC during the second quarter valued at approximately $8,143,000. American Century Companies Inc. boosted its holdings in EVERTEC by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 4,370,476 shares of the business services provider’s stock valued at $145,318,000 after acquiring an additional 208,183 shares during the period. Victory Capital Management Inc. grew its position in EVERTEC by 9.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider’s stock valued at $76,421,000 after acquiring an additional 189,637 shares during the last quarter. F M Investments LLC purchased a new stake in EVERTEC in the second quarter worth $5,672,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of EVERTEC during the second quarter worth $2,762,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Susquehanna downgraded shares of EVERTEC from a “neutral” rating to a “negative” rating and reduced their price target for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th.

Insiders Place Their Bets

In other news, EVP Miguel Vizcarrondo sold 40,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.00. Following the completion of 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 SEC, which is accessible through this link. 0.83% of the stock is owned by company insiders.

EVERTEC Trading Up 0.6 %

Shares of NYSE EVTC opened at $34.64 on Friday. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a quick ratio of 1.82, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The business has a fifty day simple moving average of $33.49 and a two-hundred day simple moving average of $33.89. The firm has a market cap of $2.20 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.15.

EVERTEC (NYSE:EVTC) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company had revenue of $211.80 million during the quarter, compared to analyst estimates of $211.51 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, October 28th. EVERTEC’s dividend payout ratio (DPR) is 15.63%.

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.