ProShare Advisors LLC lowered its position in shares of EVERTEC, Inc. (NYSE:EVTC – Free Report) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,045 shares of the business services provider’s stock after selling 3,118 shares during the period. ProShare Advisors LLC’s holdings in EVERTEC were worth $334,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its holdings in EVERTEC by 22.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 16,313 shares of the business services provider’s stock worth $668,000 after purchasing an additional 3,031 shares in the last quarter. Sunriver Management LLC raised its holdings in EVERTEC by 22.3% in the 4th quarter. Sunriver Management LLC now owns 827,458 shares of the business services provider’s stock worth $33,876,000 after purchasing an additional 150,935 shares in the last quarter. Vanguard Group Inc. raised its holdings in EVERTEC by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,453,242 shares of the business services provider’s stock worth $305,136,000 after purchasing an additional 68,871 shares in the last quarter. Bridge City Capital LLC raised its holdings in EVERTEC by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 58,286 shares of the business services provider’s stock worth $2,326,000 after purchasing an additional 438 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in EVERTEC by 15.4% in the 1st quarter. AlphaMark Advisors LLC now owns 7,438 shares of the business services provider’s stock worth $297,000 after purchasing an additional 994 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.
EVERTEC Stock Up 0.1 %
Shares of EVERTEC stock opened at $33.82 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.82 and a quick ratio of 1.82. The company has a 50-day moving average of $33.40 and a 200 day moving average of $34.95. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.66 and a beta of 1.15. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $42.21.
EVERTEC Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, July 29th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. EVERTEC’s dividend payout ratio is currently 20.20%.
Insider Buying and Selling at EVERTEC
In related news, EVP Miguel Vizcarrondo sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total value of $1,364,400.00. Following the transaction, the executive vice president now owns 129,928 shares of the company’s stock, valued at $4,431,844.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Luis A. Rodriguez-Gonzalez sold 36,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $35.10, for a total value of $1,263,600.00. Following the sale, the executive vice president now owns 39,370 shares of the company’s stock, valued at $1,381,887. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Miguel Vizcarrondo sold 40,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $34.11, for a total transaction of $1,364,400.00. Following the completion of the sale, the executive vice president now directly owns 129,928 shares in the company, valued at approximately $4,431,844.08. The disclosure for this sale can be found here. 0.83% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of EVERTEC from $47.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Susquehanna lowered shares of EVERTEC from a “neutral” rating to a “negative” rating and decreased their price target for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.33.
Get Our Latest Stock Report on EVTC
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.
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