1 week Ago By Defense World Staff
Geode Capital Management LLC reduced its holdings in EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 1,440,727 shares of the business services provider’s stock after selling 4,574 shares during the quarter. Geode Capital Management LLC owned about 2.26% of EVERTEC worth $49,761,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in EVERTEC in the third quarter worth $28,000. Fifth Third Bancorp grew its stake in shares of EVERTEC by 52.
1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after purchasing an additional 402 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of EVERTEC by 199.
0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 794 shares in the last quarter. Blue Trust Inc.
lifted its stake in shares of EVERTEC by 55.2% in the fourth quarter. Blue Trust Inc.
now owns 2,148 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 764 shares during the period. Finally, KBC Group NV boosted its holdings in EVERTEC by 34.8% during the fourth quarter.
KBC Group NV now owns 3,188 shares of the business services provider’s stock worth $110,000 after buying an additional 823 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of research analysts have issued reports on EVTC shares. Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and increased their target price for the company from $28.00 to $30.
00 in a report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. EVERTEC Stock Up 0.
3 % Shares of NYSE EVTC opened at $33.26 on Monday. The firm’s 50-day moving average is $35.
19 and its two-hundred day moving average is $34.38. The company has a market capitalization of $2.
13 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.
00. EVERTEC, Inc. has a 12-month low of $28.
76 and a 12-month high of $38.87. The company has a debt-to-equity ratio of 1.
84, a current ratio of 1.97 and a quick ratio of 1.97.
EVERTEC Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 0.60%.
The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC’s dividend payout ratio (DPR) is presently 11.56%.
Insiders Place Their Bets In related news, CAO Karla Cruz sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $36.77, for a total transaction of $73,540.
00. Following the sale, the chief accounting officer now owns 18,065 shares in the company, valued at approximately $664,250.05.
This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Also, EVP Paola Perez-Surillo sold 14,585 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $37.15, for a total value of $541,832.
75. Following the completion of the transaction, the executive vice president now owns 35,203 shares of the company’s stock, valued at $1,307,791.45.
This trade represents a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 191,170 shares of company stock valued at $7,149,206. Corporate insiders own 0.83% of the company’s stock.
EVERTEC Company Profile ( 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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