EVERTEC, Inc. (NYSE:EVTC) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in EVERTEC, Inc. (NYSE:EVTC) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,893 shares of the business services provider’s stock after purchasing an additional 933 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of EVERTEC worth $1,378,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in EVERTEC by 36.6% in the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock valued at $308,882,000 after buying an additional 2,440,680 shares during the period. State Street Corp boosted its holdings in EVERTEC by 1.4% in the third quarter. State Street Corp now owns 2,494,349 shares of the business services provider’s stock valued at $84,533,000 after purchasing an additional 34,410 shares during the period. Bank of New York Mellon Corp grew its stake in EVERTEC by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 532,340 shares of the business services provider’s stock worth $18,382,000 after purchasing an additional 7,614 shares in the last quarter. DF Dent & Co. Inc. grew its stake in EVERTEC by 27.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 455,454 shares of the business services provider’s stock worth $15,435,000 after purchasing an additional 98,341 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in EVERTEC by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock worth $11,447,000 after purchasing an additional 33,462 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EVTC shares. Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $28.00 to $30.00 in a research note on Thursday, February 27th. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th.

EVERTEC Stock Performance

NYSE:EVTC opened at $37.33 on Wednesday. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month high of $40.67. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $2.37 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The business’s fifty day moving average price is $34.47 and its 200 day moving average price is $34.22.

EVERTEC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC’s payout ratio is currently 11.56%.

Insider Transactions at EVERTEC

In other EVERTEC news, CAO Karla Cruz sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $37.45, for a total value of $2,996,000.00. Following the sale, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. This trade represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,170 shares of company stock valued at $7,149,206. Corporate insiders own 0.83% of the company’s stock.

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.