2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. trimmed its position in EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 7.
4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,682 shares of the business services provider’s stock after selling 26,470 shares during the quarter. Envestnet Asset Management Inc.
owned about 0.52% of EVERTEC worth $11,384,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in the company.
Public Employees Retirement System of Ohio bought a new stake in EVERTEC in the 3rd quarter worth approximately $28,000. Fifth Third Bancorp grew its holdings in shares of EVERTEC by 52.1% in the fourth quarter.
Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of EVERTEC by 199.0% in the fourth 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 in the last quarter. Blue Trust Inc. increased its position in EVERTEC by 55.
2% in the fourth quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after purchasing an additional 764 shares during the last quarter.
Finally, KBC Group NV raised its stake in EVERTEC by 34.8% during 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 in the last quarter.
96.80% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at EVERTEC In other EVERTEC news, CAO Karla Cruz sold 2,000 shares of the stock in a transaction on Friday, March 7th.
The stock was sold at an average price of $36.77, for a total value of $73,540.00.
Following the sale, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This trade represents a 9.
97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, CEO Morgan M.
Schuessler sold 80,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $37.45, for a total transaction of $2,996,000.
00. Following the sale, the chief executive officer now directly owns 282,172 shares of the company’s stock, valued at $10,567,341.40.
This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 191,170 shares of company stock worth $7,149,206. Insiders own 0.83% of the company’s stock.
Wall Street Analyst Weigh In Read Our Latest Stock Report on EVERTEC EVERTEC Stock Down 0.9 % NYSE EVTC opened at $32.78 on Friday.
The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.
84. EVERTEC, Inc. has a 52 week low of $28.
76 and a 52 week high of $38.87. The firm has a market capitalization of $2.
10 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.43 and a beta of 1.
00. The company has a fifty day moving average of $35.23 and a two-hundred day moving average of $34.
37. EVERTEC Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were paid a dividend of $0.
05 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.
20 dividend on an annualized basis and a dividend yield of 0.61%. EVERTEC’s dividend payout ratio is presently 11.
56%. EVERTEC Profile ( Free Report ) 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. Further Reading Receive News & Ratings for EVERTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVERTEC and related companies with MarketBeat.com's FREE daily email newsletter .
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