New York State Teachers Retirement System Has $1.42 Million Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

New York State Teachers Retirement System cut its stake in EVERTEC, Inc. (NYSE:EVTC) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,944 shares of the business services provider’s stock after selling 1,807 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of EVERTEC worth $1,421,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of EVERTEC during the 2nd quarter worth $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of EVERTEC by 866.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock worth $81,000 after buying an additional 2,175 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of EVERTEC by 48.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,761 shares of the business services provider’s stock worth $110,000 after buying an additional 907 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of EVERTEC by 90.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider’s stock worth $104,000 after buying an additional 1,490 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of EVERTEC by 68.4% during the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock worth $106,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Buying and Selling

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $34.11, for a total value of $1,364,400.00. Following the sale, the executive vice president now owns 129,928 shares in the company, valued at approximately $4,431,844.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Susquehanna cut EVERTEC from a “neutral” rating to a “negative” rating and lowered their price target for the stock from $38.00 to $28.00 in a report on Thursday, September 5th.

EVERTEC Trading Up 0.4 %

Shares of EVTC stock opened at $35.33 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 27.60, a P/E/G ratio of 1.69 and a beta of 1.15. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.92. The stock’s fifty day simple moving average is $33.28 and its 200 day simple moving average is $34.00.

EVERTEC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, October 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. EVERTEC’s dividend payout ratio is currently 15.63%.

EVERTEC Company 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.