Sei Investments Co. Increases Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

Sei Investments Co. boosted its position in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 575,261 shares of the business services provider's stock after purchasing an additional 67,956 shares during the period. Sei Investments Co. owned about 0.90% of EVERTEC worth $19,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management UK Ltd. lifted its position in shares of EVERTEC by 100.0% during 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 acquiring an additional 20,000 shares during the period. Zacks Investment Management purchased a new position in EVERTEC in the 3rd quarter valued at approximately $1,258,000. JPMorgan Chase & Co. boosted its position in EVERTEC by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider's stock worth $11,447,000 after purchasing an additional 33,462 shares in the last quarter. KBC Group NV increased its position in 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 buying an additional 823 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of EVERTEC by 43.4% in the fourth quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider's stock worth $4,462,000 after acquiring an additional 39,139 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Remove Ads

EVERTEC Trading Up 0.7 %

EVERTEC stock traded up $0.27 during trading on Tuesday, hitting $37.04. The company's stock had a trading volume of 241,346 shares, compared to its average volume of 387,674. The stock's fifty day moving average is $34.90 and its 200 day moving average is $34.37. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $39.50. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97.

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 $0.05 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. EVERTEC's dividend payout ratio is presently 11.56%.

Insider Activity at EVERTEC

In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of EVERTEC stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction of $541,832.75. Following the transaction, the executive vice president now directly owns 35,203 shares of the company's stock, valued at $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Karla Cruz sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 18,065 shares of the company's stock, valued at approximately $664,250.05. This represents a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 191,170 shares of company stock worth $7,149,206. 0.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on EVTC shares. William Blair reiterated an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and boosted their price objective for the company from $28.00 to $30.00 in a research report on Thursday, February 27th.

EVERTEC Company Profile

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.