2 weeks Ago By ABMN Staff
Vanguard Group Inc. lessened its holdings in EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 0.
4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,276,062 shares of the business services provider’s stock after selling 32,803 shares during the quarter.
Vanguard Group Inc. owned approximately 0.11% of EVERTEC worth $251,242,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of EVERTEC by 20.6% in the 3rd quarter.
BNP Paribas Financial Markets now owns 34,220 shares of the business services provider’s stock valued at $1,160,000 after acquiring an additional 5,846 shares during the last quarter. Point72 Asia Singapore Pte. Ltd.
purchased a new position in EVERTEC in the third quarter valued at approximately $55,000. Holocene Advisors LP lifted its position in shares of EVERTEC by 210.2% during the 3rd quarter.
Holocene Advisors LP now owns 61,339 shares of the business services provider’s stock worth $2,079,000 after buying an additional 41,563 shares during the last quarter. State Street Corp lifted its position in shares of EVERTEC by 1.4% during the 3rd quarter.
State Street Corp now owns 2,494,349 shares of the business services provider’s stock worth $84,533,000 after buying an additional 34,410 shares during the last quarter. Finally, DF Dent & Co. Inc.
boosted its holdings in shares of EVERTEC by 27.5% in the 3rd quarter. DF Dent & Co.
Inc. now owns 455,454 shares of the business services provider’s stock valued at $15,435,000 after buying an additional 98,341 shares in the last quarter. 96.
80% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities research analysts recently weighed in on EVTC shares. William Blair reissued an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th.
Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their target price for the company from $28.00 to $30.00 in a report on Thursday, February 27th.
Insider Transactions at EVERTEC In other EVERTEC news, CAO Karla Cruz sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 18,065 shares in the company, valued at approximately $664,250.05.
This represents a 9.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, CEO Morgan M. Schuessler sold 80,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $37.
45, for a total transaction of $2,996,000.00. Following the completion of the sale, the chief executive officer now owns 282,172 shares of the company’s stock, valued at $10,567,341.
40. This trade represents a 22.09 % decrease in their position.
The disclosure for this sale can be found here . Over the last quarter, insiders sold 191,170 shares of company stock worth $7,149,206. Company insiders own 0.
83% of the company’s stock. EVERTEC Stock Down 4.1 % EVTC stock opened at $33.
88 on Friday. The company has a market cap 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 fifty day moving average price of $35.10 and a 200 day moving average price of $34.40.
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, Inc. has a 12 month low of $28.
76 and a 12 month high of $39.50. EVERTEC Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st.
Stockholders of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, March 3rd.
This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%.
EVERTEC’s payout ratio is 11.56%. About 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. Read More Want to see what other hedge funds are holding EVTC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for EVERTEC, Inc. ( NYSE:EVTC – Free Report ). Receive News & Ratings for EVERTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVERTEC and related companies with MarketBeat.
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