EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of EVERTEC, Inc. (NYSE:EVTC) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 578,791 shares of the business services provider’s stock after selling 3,817 shares during the period. Natixis Advisors LLC’s holdings in EVERTEC were worth $19,986,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in EVERTEC during the 3rd quarter worth about $28,000. Fifth Third Bancorp increased its holdings in EVERTEC by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after purchasing an additional 402 shares during the period. Smartleaf Asset Management LLC increased 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 purchasing an additional 794 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in EVERTEC during the 3rd quarter worth about $55,000. Finally, Blue Trust Inc. increased its holdings 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 purchasing an additional 764 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Activity at EVERTEC

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $37.15, for a total value of $541,832.75. Following the completion of the sale, the executive vice president now directly owns 35,203 shares of the company’s stock, valued at $1,307,791.45. This represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the sale, the executive vice president now directly owns 113,915 shares of the company’s stock, valued at $3,883,362.35. The trade was a 6.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 199,293 shares of company stock valued at $7,426,119 in the last three months. 0.83% of the stock is currently owned by company insiders.

EVERTEC Trading Down 0.2 %

EVTC opened at $36.83 on Wednesday. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $40.67. The company has a market cap of $2.34 billion, a P/E ratio of 28.77, a PEG ratio of 1.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The business’s 50-day simple moving average is $34.01 and its 200-day simple moving average is $34.07.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be given a $0.05 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $33.00 to $35.00 in a report on Thursday, November 21st. Finally, Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and increased their price objective for the company from $28.00 to $30.00 in a report on Thursday, February 27th.

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.