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

New York State Common Retirement Fund grew its stake in EVERTEC, Inc. (NYSE:EVTC) by 43.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 0.20% of EVERTEC worth $4,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of EVERTEC in the third quarter worth about $28,000. Fifth Third Bancorp raised its stake in shares of EVERTEC by 52.1% during the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after buying an additional 402 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of EVERTEC during the third quarter worth approximately $55,000. Blue Trust Inc. raised its stake 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 during the last quarter. Finally, KBC Group NV raised its stake in shares of EVERTEC by 34.8% during 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. 96.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on EVTC. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Thursday. Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. Finally, Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Thursday.

Insider Buying and Selling at EVERTEC

In other news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the completion of the transaction, the chief financial officer now owns 54,998 shares in the company, valued at $1,984,327.84. This represents a 46.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $34.09, for a total transaction of $276,913.07. Following the completion of the transaction, the executive vice president now owns 113,915 shares of the company’s stock, valued at $3,883,362.35. This trade represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,308 shares of company stock valued at $2,440,112. Corporate insiders own 0.83% of the company’s stock.

EVERTEC Stock Down 0.5 %

Shares of NYSE:EVTC opened at $37.37 on Friday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $40.67. 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 company has a market capitalization of $2.38 billion, a PE ratio of 29.20, a PEG ratio of 1.43 and a beta of 1.15. The company has a 50 day moving average price of $33.36 and a two-hundred day moving average price of $33.73.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. EVERTEC’s payout ratio is presently 11.56%.

EVERTEC 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.