EVERTEC, Inc. (NYSE:EVTC) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 151.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,091 shares of the business services provider's stock after buying an additional 12,696 shares during the period. LPL Financial LLC's holdings in EVERTEC were worth $728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVTC. Mitsubishi UFJ Asset Management UK Ltd. increased its position in 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 acquiring an additional 20,000 shares during the period. JPMorgan Chase & Co. grew its stake in shares of EVERTEC by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider's stock valued at $11,447,000 after purchasing an additional 33,462 shares during the last quarter. KBC Group NV increased its holdings 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 during the period. New York State Common Retirement Fund raised its stake in shares of EVERTEC by 43.4% during 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 purchasing an additional 39,139 shares during the last quarter. Finally, Amundi lifted its holdings in shares of EVERTEC by 83.0% during 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 during the period. Hedge funds and other institutional investors own 96.80% of the company's stock.

EVERTEC Trading Up 2.3 %

NYSE:EVTC opened at $32.77 on Wednesday. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.87. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average price of $35.17 and a two-hundred day moving average price of $34.34. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 1.43 and a beta of 1.00.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is 11.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EVTC shares. William Blair restated 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 increased their price target for the stock from $28.00 to $30.00 in a report on Thursday, February 27th.

Insider Buying and Selling

In other EVERTEC news, CEO Morgan M. Schuessler sold 80,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at approximately $10,567,341.40. The trade was a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paola Perez-Surillo sold 14,585 shares of the firm's 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 completion of the transaction, the executive vice president now owns 35,203 shares of the company's stock, valued at approximately $1,307,791.45. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,170 shares of company stock valued at $7,149,206. Corporate insiders own 0.63% of the company's stock.

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.

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