River Road Asset Management LLC Has $65.97 Million Stock Position in EVERTEC, Inc. (NYSE:EVTC)

River Road Asset Management LLC reduced its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,910,638 shares of the business services provider's stock after selling 55,988 shares during the quarter. River Road Asset Management LLC owned about 3.00% of EVERTEC worth $65,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVTC. Public Employees Retirement System of Ohio bought a new stake in EVERTEC during the 3rd quarter worth about $28,000. Fifth Third Bancorp raised 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. Smartleaf Asset Management LLC raised its holdings in EVERTEC by 199.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock worth $41,000 after purchasing an additional 794 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in EVERTEC during the 3rd quarter worth about $55,000. Finally, Blue Trust Inc. raised its holdings in EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock worth $73,000 after purchasing an additional 764 shares during the last quarter. 96.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $37.15, for a total transaction of $541,832.75. Following the completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Karla Cruz sold 2,000 shares of the company'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 value of $73,540.00. Following the transaction, the chief accounting officer now directly owns 18,065 shares of the company's stock, valued at approximately $664,250.05. This trade represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 207,183 shares of company stock valued at $7,702,821. 0.83% of the stock is owned by corporate insiders.

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EVERTEC Trading Up 0.1 %

Shares of EVTC stock traded up $0.03 on Thursday, reaching $35.60. The company had a trading volume of 220,735 shares, compared to its average volume of 325,347. The company has a 50-day moving average of $33.84 and a 200-day moving average of $33.99. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month high of $40.67. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84. The stock has a market cap of $2.26 billion, a PE ratio of 27.81, a PEG ratio of 1.43 and a beta of 1.11.

EVERTEC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. EVERTEC's payout ratio is 11.56%.

Analysts Set New Price Targets

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

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.