Evertec, Inc. (NYSE:EVTC) is expected to pay $0.10 on Dec 2, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Evertec, Inc.’s current price of $14.65, the dividend is 0.68%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 28, 2016. The stock increased 2.45% or $0.35 during the last trading session, hitting $14.65. Evertec Inc (NYSE:EVTC) has risen 6.53% since April 5, 2016 and is uptrending. It has outperformed by 4.58% the S&P500.
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., is a full-service transaction processing company. The company has a market cap of $1.02 billion. The Firm provides a range of merchant acquiring, payment processing and business process management services. It has a 12.99 P/E ratio. It has three divisions: Merchant Acquiring, Payment Processing and Business Solutions.
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 1.04, from 1.95 in 2016Q1. The ratio turned negative, as 16 funds sold all Evertec Inc shares owned while 41 reduced positions. 19 funds bought stakes while 33 increased positions. They now own 59.59 million shares or 2.84% less from 61.33 million shares in 2016Q1.
Pnc Finance Services Gru Incorporated, a Pennsylvania-based fund reported 372,244 shares. Citigroup reported 117,390 shares or 0% of all its holdings. D E Shaw & reported 1.03M shares or 0.03% of all its holdings. Parametric Assocs Ltd Liability Corp reported 10,768 shares or 0% of all its holdings. Barrow Hanley Mewhinney Strauss Limited Company has 0% invested in the company for 62,424 shares. Heartland reported 250,000 shares or 0.22% of all its holdings. Nationwide Fund Advsrs reported 143,830 shares or 0.01% of all its holdings. State Street holds 0% of its portfolio in Evertec Inc (NYSE:EVTC) for 1.08 million shares. Clinton Group Inc has invested 0.02% of its portfolio in Evertec Inc (NYSE:EVTC). Moreover, Voya Management Limited Liability has 0% invested in Evertec Inc (NYSE:EVTC) for 26,669 shares. Legal And General Grp Public Limited last reported 0% of its portfolio in the stock. Morgan Stanley has invested 0% of its portfolio in Evertec Inc (NYSE:EVTC). Swiss Fincl Bank reported 106,174 shares or 0% of all its holdings. Numeric Invsts Ltd Limited Liability Company accumulated 0.01% or 58,100 shares. Rhumbline Advisers has invested 0% of its portfolio in Evertec Inc (NYSE:EVTC).
Evertec Inc (NYSE:EVTC) Ratings Coverage
Out of 4 analysts covering Evertec (NYSE:EVTC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Evertec has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Evertec Inc (NYSE:EVTC) earned “Outperform” rating by Cowen & Co on Wednesday, September 30. On Friday, April 15 the stock rating was initiated by Compass Point with “Buy”. Compass Point initiated the shares of EVTC in a report on Thursday, February 25 with “Buy” rating. JP Morgan maintained the stock with “Neutral” rating in Friday, August 14 report. The stock of Evertec Inc (NYSE:EVTC) earned “Hold” rating by Deutsche Bank on Thursday, November 5. Compass Point maintained it with “Buy” rating and $19 target price in Friday, July 29 report.
More news for Evertec Inc (NYSE:EVTC) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International …” on November 07, 2016. Businesswire.com‘s article titled: “EVERTEC, Inc. to Announce Fourth Quarter and Full Year 2015 Financial Results …” and published on January 22, 2016 is yet another important article.
EVTC Company Profile
EVERTEC, Inc., formerly Carib Latam Holdings, Inc., incorporated on April 13, 2012, is a full-service transaction processing company. The Firm provides a range of merchant acquiring, payment processing and business process management services across approximately 20 countries. The Firm operates through three divisions: Merchant Acquiring, Payment Processing and Business Solutions. The Firm owns and operates the ATH network, an automated teller machine (ATM) and personal identification number (PIN) debit network in Latin America. In addition, the Company provides a range of services for core bank processing, cash processing and technology outsourcing in the regions it serves. The Firm serves a diversified customer base of financial institutions, merchants, firms and government agencies with solutions that enable them to issue, process and accept transactions securely. It manages a system of electronic payment networks that process approximately two billion transactions annually. The Company’s suite of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions, such as the electronic capture and authorization of transactions at the point-of-sale (POS), as well as back-end support services, such as the clearing and settlement of transactions and account reconciliation for card issuers.
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