EVERTEC, Inc. (NYSE:EVTC) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,170 shares of the business services provider’s stock after selling 1,072 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of EVERTEC worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of EVERTEC in the 3rd quarter worth about $28,000. Fifth Third Bancorp grew 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 buying an additional 402 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $41,000 after acquiring an additional 794 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in EVERTEC during the 3rd quarter worth $55,000. Finally, Blue Trust Inc. increased its holdings 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 valued at $73,000 after purchasing an additional 764 shares during the period. 96.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and upped their price target for the stock from $28.00 to $30.00 in a research note on Thursday, February 27th. William Blair restated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th.

Insider Transactions at EVERTEC

In related news, CEO Morgan M. Schuessler sold 80,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 282,172 shares of the company’s stock, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Karla Cruz sold 2,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 over the last ninety days. Corporate insiders own 0.83% of the company’s stock.

EVERTEC Price Performance

Shares of NYSE:EVTC opened at $36.68 on Friday. The stock has a fifty day moving average of $34.73 and a 200-day moving average of $34.31. The company has a market capitalization of $2.33 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. 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, Inc. has a one year low of $28.76 and a one year high of $39.98.

EVERTEC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, March 3rd. EVERTEC’s dividend 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.