Nisa Investment Advisors LLC Has $26,000 Position in EVERTEC, Inc. (NYSE:EVTC)

Nisa Investment Advisors LLC cut its holdings in EVERTEC, Inc. (NYSE:EVTC) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 631 shares of the business services provider’s stock after selling 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EVERTEC were worth $26,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. increased its holdings in shares of EVERTEC by 314.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,000 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 759 shares during the last quarter. Federated Hermes Inc. acquired a new position in EVERTEC during the third quarter valued at approximately $49,000. First Trust Direct Indexing L.P. bought a new position in shares of EVERTEC in the third quarter valued at approximately $215,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of EVERTEC during the 3rd quarter worth $223,000. Finally, Jump Financial LLC acquired a new position in EVERTEC in the 3rd quarter valued at $244,000. 96.80% of the stock is owned by institutional investors.

EVERTEC Stock Up 1.0 %

NYSE EVTC opened at $38.15 on Tuesday. The firm has a 50-day simple moving average of $38.78 and a 200 day simple moving average of $38.17. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $2.46 billion, a PE ratio of 31.53, a PEG ratio of 2.22 and a beta of 1.20. EVERTEC, Inc. has a twelve month low of $31.55 and a twelve month high of $42.21.

EVERTEC (NYSE:EVTC) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). EVERTEC had a net margin of 11.48% and a return on equity of 29.73%. The firm had revenue of $194.62 million for the quarter, compared to the consensus estimate of $179.86 million. On average, research analysts forecast that EVERTEC, Inc. will post 2.33 EPS for the current year.

EVERTEC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, April 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. EVERTEC’s payout ratio is currently 16.53%.

Insider Buying and Selling

In other news, Director Frank G. D’angelo sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the sale, the director now directly owns 10,380 shares in the company, valued at approximately $388,523.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Frank G. D’angelo sold 16,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $37.43, for a total transaction of $598,880.00. Following the completion of the sale, the director now owns 10,380 shares in the company, valued at approximately $388,523.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Morgan M. Schuessler sold 100,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the transaction, the chief executive officer now owns 347,941 shares in the company, valued at $12,939,925.79. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. StockNews.com downgraded EVERTEC from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.33.

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.