2 weeks Ago By Defense World Staff
Vanguard Group Inc. reduced its position in shares of EVERTEC, Inc. (NYSE:EVTC – Free Report) by 0.
4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,276,062 shares of the business services provider’s stock after selling 32,803 shares during the period. Vanguard Group Inc.
owned 11.44% of EVERTEC worth $251,242,000 at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of the company.
Bridge City Capital LLC grew its stake in shares of EVERTEC by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider’s stock valued at $2,375,000 after buying an additional 601 shares during the period.
LPL Financial LLC lifted its holdings in EVERTEC by 151.2% in the fourth quarter. LPL Financial LLC now owns 21,091 shares of the business services provider’s stock valued at $728,000 after acquiring an additional 12,696 shares during the last quarter.
KLP Kapitalforvaltning AS purchased a new position in EVERTEC in the fourth quarter worth approximately $473,000. Sei Investments Co. increased its stake in EVERTEC by 13.
4% during the fourth quarter. Sei Investments Co. now owns 575,261 shares of the business services provider’s stock worth $19,864,000 after acquiring an additional 67,956 shares during the last quarter.
Finally, Intech Investment Management LLC raised its position in EVERTEC by 589.5% in the fourth quarter. Intech Investment Management LLC now owns 125,559 shares of the business services provider’s stock valued at $4,336,000 after purchasing an additional 107,349 shares during the period.
96.80% of the stock is owned by hedge funds and other institutional investors. EVERTEC Stock Down 4.
1 %NYSE:EVTC opened at $33.88 on Friday. EVERTEC, Inc.
has a 52 week low of $28.76 and a 52 week high of $39.50.
The stock’s fifty day moving average is $35.10 and its two-hundred day moving average is $34.40.
The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.
43 and a beta of 1.11. The company has a quick ratio of 1.
97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.
EVERTEC Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were issued a dividend of $0.05 per share.
This represents a $0.20 dividend on an annualized basis and a yield of 0.59%.
The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC’s dividend payout ratio (DPR) is 11.56%.
Insider Buying and Selling at EVERTECIn related news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $36.77, for a total transaction of $73,540.
00. Following the completion of the transaction, the chief accounting officer now directly owns 18,065 shares of the company’s stock, valued at $664,250.05.
The trade was a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Also, CEO Morgan M. Schuessler sold 80,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $37.
45, for a total value of $2,996,000.00. Following the completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at $10,567,341.
40. This represents a 22.09 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold a total of 191,170 shares of company stock valued at $7,149,206 in the last three months. 0.
83% of the stock is owned by corporate insiders. Analyst Upgrades and DowngradesA number of equities analysts have recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th.
Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and upped their target price for the company from $28.00 to $30.00 in a research report on Thursday, February 27th.
Get Our Latest Analysis on EVERTECAbout EVERTEC (Free Report)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.
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