4 days Ago By Defense World Staff
Wells Fargo & Company MN lowered its stake in shares of EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 368,030 shares of the business services provider’s stock after selling 3,431 shares during the period. Wells Fargo & Company MN owned about 0.58% of EVERTEC worth $12,708,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of EVERTEC by 100.
0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 20,000 shares during the last quarter.
JPMorgan Chase & Co. increased its stake in EVERTEC by 11.0% during the third quarter.
JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock valued at $11,447,000 after acquiring an additional 33,462 shares during the period. KBC Group NV raised its stake in shares of EVERTEC by 34.
8% in the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 823 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of EVERTEC by 43.
4% in the 4th quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider’s stock valued at $4,462,000 after buying an additional 39,139 shares in the last quarter. Finally, Amundi raised its position in EVERTEC by 83.
0% in the fourth quarter. Amundi now owns 43,416 shares of the business services provider’s stock worth $1,459,000 after purchasing an additional 19,693 shares in the last quarter. Institutional investors and hedge funds own 96.
80% of the company’s stock. Analysts Set New Price Targets A number of research analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th.
Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and lifted their target price for the company from $28.00 to $30.00 in a research note on Thursday, February 27th.
EVERTEC Price Performance EVERTEC stock opened at $33.61 on Wednesday. The firm has a market capitalization of $2.
15 billion, a P/E ratio of 26.26, a PEG ratio of 1.43 and a beta of 1.
00. The business has a 50-day moving average of $35.23 and a 200-day moving average of $34.
38. The company has a current ratio of 1.97, a quick ratio of 1.
97 and a debt-to-equity ratio of 1.84. EVERTEC, Inc.
has a 1 year low of $28.76 and a 1 year high of $38.87.
EVERTEC Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were issued a $0.05 dividend.
The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.
59%. EVERTEC’s dividend payout ratio (DPR) is presently 11.56%.
Insider Buying and Selling In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of EVERTEC 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 sale, the executive vice president now directly owns 35,203 shares in the company, valued at approximately $1,307,791.45.
The trade was a 29.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, CAO Karla Cruz sold 2,000 shares of EVERTEC stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.
00. Following the completion of the sale, the chief accounting officer now directly owns 18,065 shares in the company, valued at approximately $664,250.05.
This represents a 9.97 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders have sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is owned by company insiders.
EVERTEC 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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