Atria Investments Inc Has $330,000 Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

Atria Investments Inc decreased its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,564 shares of the business services provider’s stock after selling 1,496 shares during the quarter. Atria Investments Inc’s holdings in EVERTEC were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in EVERTEC by 199.0% in the 4th 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 during the last quarter. Bank of New York Mellon Corp raised its stake in EVERTEC by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 532,340 shares of the business services provider’s stock valued at $18,382,000 after buying an additional 7,614 shares during the period. Handelsbanken Fonder AB lifted its position in shares of EVERTEC by 15.5% in the fourth quarter. Handelsbanken Fonder AB now owns 14,900 shares of the business services provider’s stock valued at $514,000 after buying an additional 2,000 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of EVERTEC by 43.4% during the 4th quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider’s stock worth $4,462,000 after acquiring an additional 39,139 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of EVERTEC by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 310,524 shares of the business services provider’s stock worth $10,722,000 after acquiring an additional 7,342 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

EVTC has been the subject of several research reports. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $35.00 in a report on Thursday, November 21st. William Blair restated an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th. Finally, Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $28.00 to $30.00 in a report on Thursday, February 27th.

EVERTEC Stock Up 1.7 %

EVTC opened at $36.95 on Tuesday. The stock has a fifty day moving average of $33.95 and a 200-day moving average of $34.05. The company has a market capitalization of $2.35 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.43 and a beta of 1.11. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two 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.

EVERTEC Announces Dividend

The firm 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 dividend of $0.05 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. EVERTEC’s dividend payout ratio is presently 11.56%.

Insider Activity

In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction of $541,832.75. Following the completion of the transaction, the executive vice president now directly owns 35,203 shares in the company, valued at $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Morgan M. Schuessler sold 80,000 shares of the business’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. This trade represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,183 shares of company stock worth $7,702,821. Corporate insiders own 0.83% of the company’s stock.

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.