4 days Ago By ABMN Staff
Wells Fargo & Company MN lowered its stake in EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 0.9% during the fourth quarter, Holdings Channel reports.
The institutional investor owned 368,030 shares of the business services provider’s stock after selling 3,431 shares during the period. Wells Fargo & Company MN’s holdings in EVERTEC were worth $12,708,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds also recently made changes to their positions in EVTC.
Public Employees Retirement System of Ohio bought a new position in EVERTEC during the 3rd quarter worth $28,000. Fifth Third Bancorp lifted its stake in shares of EVERTEC by 52.1% in the 4th quarter.
Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 402 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of EVERTEC by 199.0% during the fourth 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. boosted its position in EVERTEC by 55.
2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after buying an additional 764 shares during the period.
Finally, KBC Group NV lifted its holdings in shares of 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 purchasing an additional 823 shares during the period.
Institutional investors and hedge funds own 96.80% of the company’s stock. Analysts Set New Price Targets Several brokerages recently commented on EVTC.
Susquehanna upgraded 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 report on Thursday, February 27th.
William Blair restated an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th. EVERTEC Stock Up 0.3 % EVTC stock opened at $33.
61 on Wednesday. The firm has a market capitalization of $2.15 billion, a PE ratio of 26.
26, a P/E/G ratio of 1.43 and a beta of 1.00.
The stock’s 50 day moving average is $35.23 and its 200-day moving average is $34.38.
EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $38.
87. 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 Announces Dividend The company 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 annualized dividend and a dividend yield of 0.59%.
EVERTEC’s dividend payout ratio is currently 11.56%. Insiders Place Their Bets In related news, CEO Morgan M.
Schuessler sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $37.45, for a total value of $2,996,000.
00. Following the transaction, the chief executive officer now owns 282,172 shares in the company, valued at approximately $10,567,341.40.
This represents a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, EVP Paola Perez-Surillo sold 14,585 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $37.15, for a total value of $541,832.
75. Following the transaction, the executive vice president now owns 35,203 shares of the company’s stock, valued at $1,307,791.45.
The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 in the last 90 days. 0.83% of the stock is currently owned by corporate 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.
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 ).
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