Blair William & Co. IL Sells 1,109 Shares of EVERTEC, Inc. (NYSE:EVTC)

Blair William & Co. IL reduced its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,356 shares of the business services provider’s stock after selling 1,109 shares during the quarter. Blair William & Co. IL’s holdings in EVERTEC were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EVTC. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of EVERTEC by 100.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider’s stock worth $1,381,000 after buying an additional 20,000 shares during the last quarter. Zacks Investment Management bought a new stake in EVERTEC during the 3rd quarter worth $1,258,000. JPMorgan Chase & Co. increased its holdings in EVERTEC by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock worth $11,447,000 after purchasing an additional 33,462 shares in the last quarter. KBC Group NV raised its position in EVERTEC by 34.8% in the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 823 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of EVERTEC by 43.4% during the fourth quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider’s stock valued at $4,462,000 after purchasing an additional 39,139 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

EVERTEC Stock Performance

Shares of EVTC stock opened at $33.88 on Friday. The stock has a market capitalization of $2.15 billion, a PE ratio of 26.47, a PEG ratio of 1.43 and a beta of 1.11. The business’s 50 day simple moving average is $35.10 and its 200 day simple moving average is $34.40. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $39.50.

EVERTEC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. EVERTEC’s payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

EVTC has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and raised their price target for the company from $28.00 to $30.00 in a research note on Thursday, February 27th.

Insider Buying and Selling at EVERTEC

In other news, EVP Paola Perez-Surillo sold 14,585 shares of EVERTEC stock in a transaction dated 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. This trade represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the completion of the sale, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. This represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is currently owned by company insiders.

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.