Charles Schwab Investment Management Inc. lessened its stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 628,237 shares of the business services provider's stock after selling 37,350 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of EVERTEC worth $21,693,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in EVTC. FMR LLC boosted its holdings in shares of EVERTEC by 36.6% in the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider's stock valued at $308,882,000 after purchasing an additional 2,440,680 shares in the last quarter. 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 purchasing an additional 98,341 shares in the last quarter. Barclays PLC boosted its holdings in shares of EVERTEC by 385.6% in the 3rd quarter. Barclays PLC now owns 115,398 shares of the business services provider's stock valued at $3,910,000 after purchasing an additional 91,632 shares in the last quarter. Algert Global LLC boosted its holdings in shares of EVERTEC by 1,285.8% in the 3rd quarter. Algert Global LLC now owns 91,341 shares of the business services provider's stock valued at $3,096,000 after purchasing an additional 84,750 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of EVERTEC by 9.9% in the 3rd quarter. Natixis Advisors LLC now owns 582,608 shares of the business services provider's stock valued at $19,745,000 after purchasing an additional 52,586 shares in the last quarter. Institutional investors own 96.80% of the company's stock.
Insider Buying and Selling
In related news, CAO Karla Cruz sold 2,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was 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 directly owns 18,065 shares of the company's stock, valued at $664,250.05. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $2,996,000.00. Following the transaction, the chief executive officer now directly owns 282,172 shares of the company's stock, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,170 shares of company stock valued at $7,149,206 in the last three months. Insiders own 0.83% of the company's stock.
EVERTEC Price Performance
Shares of NYSE EVTC traded up $0.08 during mid-day trading on Friday, hitting $37.21. 1,083,814 shares of the stock traded hands, compared to its average volume of 367,760. 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 twelve month low of $28.76 and a twelve month high of $40.67. The company has a market cap of $2.37 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The firm has a 50 day simple moving average of $34.26 and a two-hundred day simple moving average of $34.14.
EVERTEC Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 3rd. EVERTEC's dividend payout ratio is currently 11.56%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Susquehanna raised EVERTEC from a "negative" rating to a "neutral" rating and raised their target price for the company from $28.00 to $30.00 in a report on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th.
View Our Latest Stock Analysis on EVTC
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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