EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,276,062 shares of the business services provider's stock after selling 32,803 shares during the quarter. Vanguard Group Inc. owned about 11.44% of EVERTEC worth $251,242,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of EVERTEC in the fourth quarter valued at about $5,356,000. Intech Investment Management LLC raised its stake in EVERTEC by 589.5% during the 4th quarter. Intech Investment Management LLC now owns 125,559 shares of the business services provider's stock valued at $4,336,000 after acquiring an additional 107,349 shares during the last quarter. DF Dent & Co. Inc. raised its stake in EVERTEC by 27.5% during 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 acquiring an additional 98,341 shares during the last quarter. Barclays PLC lifted its position in EVERTEC by 385.6% during the 3rd quarter. Barclays PLC now owns 115,398 shares of the business services provider's stock worth $3,910,000 after acquiring an additional 91,632 shares during the period. Finally, Sei Investments Co. grew its stake in shares of EVERTEC by 13.4% in the 4th quarter. Sei Investments Co. now owns 575,261 shares of the business services provider's stock valued at $19,864,000 after purchasing an additional 67,956 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EVTC shares. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna upgraded shares of EVERTEC from a "negative" rating to a "neutral" rating and raised their target price for the stock from $28.00 to $30.00 in a research note on Thursday, February 27th.

EVERTEC Price Performance

Shares of EVERTEC stock traded down $1.49 during trading on Thursday, reaching $33.13. The company's stock had a trading volume of 307,731 shares, compared to its average volume of 385,351. The business has a 50 day moving average price of $35.18 and a 200-day moving average price of $34.37. EVERTEC, Inc. has a 12-month low of $28.76 and a 12-month high of $38.87. The company has a market capitalization of $2.11 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC's dividend payout ratio is currently 11.56%.

Insider Buying and Selling

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the company's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 $10,567,341.40. The trade was a 22.09 % 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 worth $7,149,206 in the last quarter. Company insiders own 0.83% of the company's stock.

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.