2 weeks Ago By Defense World Staff
Bank of Montreal Can grew its position in EVERTEC, Inc. ( NYSE:EVTC – Free Report ) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 11,970 shares of the business services provider’s stock after buying an additional 1,409 shares during the quarter. Bank of Montreal Can’s holdings in EVERTEC were worth $413,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also recently modified their holdings of the company.
Fifth Third Bancorp grew its position in EVERTEC by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 402 shares in the last quarter.
Bridge City Capital LLC boosted its stake in shares of EVERTEC by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 601 shares during the period.
Quadrant Capital Group LLC grew its holdings in shares of EVERTEC by 4,525.0% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 724 shares in the last quarter.
Blue Trust Inc. increased its stake in EVERTEC by 55.2% during the 4th quarter.
Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after buying an additional 764 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings 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 worth $41,000 after buying an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 96.
80% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts have commented on the stock. William Blair restated an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th.
Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $30.00 in a research note on Thursday, February 27th.
Insider Activity at EVERTEC In other EVERTEC news, CEO Morgan M. Schuessler sold 80,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were 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 in the company, valued at $10,567,341.
40. This represents a 22.09 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $36.
77, for a total transaction of $73,540.00. Following the sale, the chief accounting officer now owns 18,065 shares of the company’s stock, 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 191,170 shares of company stock valued at $7,149,206 over the last quarter. 0.
63% of the stock is owned by insiders. EVERTEC Trading Up 2.3 % NYSE EVTC opened at $32.
77 on Wednesday. EVERTEC, Inc. has a 52 week low of $28.
76 and a 52 week high of $38.87. The firm has a 50 day moving average of $35.
17 and a two-hundred day moving average of $34.34. The company has a quick ratio of 1.
97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.
The stock has a market capitalization of $2.10 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.
43 and a beta of 1.00. EVERTEC Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st.
Investors of record on Monday, March 3rd were issued a $0.05 dividend. This represents a $0.
20 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Monday, March 3rd.
EVERTEC’s dividend payout ratio (DPR) is presently 11.56%. EVERTEC Company 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. Featured Stories Five stocks we like better than EVERTEC 3 Healthcare Dividend Stocks to Buy How to Invest in Micro-Cap Stocks Like a Pro Conference Calls and Individual Investors Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What Are the U.
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