Norges Bank Purchases Shares of 190,214 EVERTEC, Inc. (NYSE:EVTC)

Norges Bank purchased a new stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 190,214 shares of the business services provider's stock, valued at approximately $6,568,000. Norges Bank owned 0.30% of EVERTEC at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp raised its holdings in EVERTEC by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock worth $41,000 after acquiring an additional 402 shares during the last quarter. Bridge City Capital LLC grew its position in shares of EVERTEC by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock valued at $2,375,000 after acquiring an additional 601 shares during the period. Blue Trust Inc. lifted its position in shares of EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock valued at $73,000 after buying an additional 764 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in EVERTEC by 199.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock valued at $41,000 after purchasing an additional 794 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of EVERTEC by 34.8% during the 4th quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock valued at $110,000 after buying an additional 823 shares in the last quarter. Institutional investors own 96.80% of the company's stock.

Insider Transactions at EVERTEC

In other EVERTEC news, CEO Morgan M. Schuessler sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $37.45, for a total value of $2,996,000.00. Following the completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at $10,567,341.40. This trade represents a 22.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paola Perez-Surillo sold 14,585 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 35,203 shares in the company, valued at approximately $1,307,791.45. This trade represents a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is currently owned by corporate insiders.

EVERTEC Trading Up 1.0 %

EVERTEC stock traded up $0.33 during trading hours on Monday, hitting $33.59. The company had a trading volume of 2,239 shares, compared to its average volume of 382,381. The firm has a market cap of $2.15 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.43 and a beta of 1.00. The company has a 50-day moving average price of $35.19 and a two-hundred day moving average price of $34.38. 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.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were given 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 was Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

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