New York State Common Retirement Fund Acquires 39,139 Shares of EVERTEC, Inc. (NYSE:EVTC)

New York State Common Retirement Fund lifted its holdings in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 43.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,235 shares of the business services provider's stock after acquiring an additional 39,139 shares during the period. New York State Common Retirement Fund owned approximately 0.20% of EVERTEC worth $4,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EVTC. Public Employees Retirement System of Ohio acquired a new stake in shares of EVERTEC during the third quarter valued at about $28,000. Fifth Third Bancorp increased its holdings in EVERTEC by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock worth $41,000 after purchasing an additional 402 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of EVERTEC during the 3rd quarter valued at approximately $55,000. Blue Trust Inc. grew 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 buying an additional 764 shares in the last quarter. Finally, KBC Group NV increased its stake 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 worth $110,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Insider Activity

In other EVERTEC news, EVP Miguel Vizcarrondo sold 7,890 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total transaction of $276,702.30. Following the transaction, the executive vice president now owns 122,038 shares of the company's stock, valued at approximately $4,279,872.66. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts have weighed in on EVTC shares. Susquehanna upgraded shares of EVERTEC from a "negative" rating to a "neutral" rating and boosted their target price for the company from $28.00 to $30.00 in a research note on Thursday, February 27th. Morgan Stanley raised shares of EVERTEC from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. Finally, William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th.

EVERTEC Stock Down 1.3 %

EVTC traded down $0.49 during trading on Tuesday, reaching $37.43. 193,380 shares of the stock traded hands, compared to its average volume of 322,605. The stock's 50-day simple moving average is $33.52 and its two-hundred day simple moving average is $33.81. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. 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 fifty-two week low of $28.76 and a fifty-two week high of $40.67.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 3rd. EVERTEC's payout ratio is 11.56%.

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.