Amundi Has $1.46 Million Stake in EVERTEC, Inc. (NYSE:EVTC)

Amundi increased its holdings in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 83.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,416 shares of the business services provider's stock after buying an additional 19,693 shares during the period. Amundi owned 0.07% of EVERTEC worth $1,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in EVERTEC in the third quarter valued at approximately $28,000. Fifth Third Bancorp increased its stake in EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock valued at $41,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 worth $41,000 after acquiring an additional 794 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of EVERTEC during the third quarter worth $55,000. Finally, Blue Trust Inc. increased its position in shares of EVERTEC by 55.2% during the fourth quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock worth $73,000 after acquiring an additional 764 shares in the last quarter. 96.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and increased their price objective for the stock from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th.

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EVERTEC Stock Up 0.2 %

EVTC traded up $0.08 during trading hours on Friday, hitting $37.21. 1,083,814 shares of the company's stock were exchanged, compared to its average volume of 367,760. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 29.07, a PEG 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. The stock's 50-day moving average is $34.26 and its two-hundred day moving average is $34.14. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $40.67.

EVERTEC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC's dividend payout ratio is currently 11.56%.

Insider Buying and Selling at EVERTEC

In related news, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction dated Thursday, March 6th. The shares were 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 approximately $10,567,341.40. The trade was a 22.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Karla Cruz sold 2,000 shares of EVERTEC stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $36.77, for a total transaction of $73,540.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 191,170 shares of company stock worth $7,149,206 over the last quarter. 0.83% of the stock is currently owned by insiders.

About EVERTEC

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.